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Sales tax can be a tricky area for businesses, as it needs to be collected and paid at the state level, and each state has its own unique set of rules and regulations. Understanding your nexus states, where your business has a physical presence or significant economic activity, is crucial for compliance. Once you’ve identified your nexus states, you need to ensure you’re correctly collecting sales tax from customers in those locations. Finally, it’s essential to accurately report and file your state sales and use tax returns on time to avoid penalties and interest.
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