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If you're an owner of a business who is on a budget, the type of tax that you need to keep in mind is sales tax. In contrast to income taxes, which are calculated by how much your earnings, sales taxes are determined on the basis of how much revenue that your business generates. For e-commerce businesses, properly accounting for sales tax is essential. If you do not effectively record sales tax, your company might be liable to penalties or an audit at a later time.

The guideline for sales tax contained in this post outlines the basics you should master, beginning with the tax burden on nexus, and utilizing the right tools for you to be in compliance.

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