During the pandemic, manufacturers, distributors, and wholesalers have increasingly moved to an omnichannel model that embraces ecommerce. Omnichannel commerce is a form of selling designed to provide a seamless customer experience across all sales channels.
The move to online commerce means manufacturers, distributors and wholesalers now must straddle two worlds—those of taxable and tax exempt transactions. These traditionally tax exempt sellers must know which transactions are subject to sales tax and which are not. Sales tax compliance used to be an issue only for companies with a physical presence in a given state. But under new economic nexus laws, the situation is far more complicated.
It’s vital to understand the compliance requirements for each kind of sale and how it affects your business. This report offers manufacturers, distributors and wholesalers an overview of the complex world of sales tax compliance and how they can navigate it.
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