Not collecting and remitting sales taxes in jurisdictions in which you have Nexus
Common Sales Tax Mistakes that Could Land an E-Commerce Company in Trouble With the Law: Collecting and remitting sales taxes is becoming more complicated than ever. Here are a few common snags that can land an e-commerce company in hot water: 1. Collecting sales tax from customers and not remitting it: This is similar to not paying your employee payroll taxes and it is considered a crime. If a company is collecting sales tax but not remitting it on time, or simply not remitting it at all, the state looks at this as theft. This is a criminal offense and could land the responsible party behind bars 2. Not collecting and remitting sales taxes in jurisdictions in which you have Nexus: Ignorance to the law is not an admissible excuse…
