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If you're a company owner who is on a budget, the tax type that you need to pay with attention is the sales tax. Contrary to income tax which are calculated by the amount of income you earn, sales taxes are determined by the amount of revenues your company generates. In the case of e-commerce businesses, properly recording the sales tax is vital. If you fail to effectively collect sales tax your business could be subject to fines or audits at a later date.

The guideline for sales tax included in this article offers the basics you should master, beginning with the tax burden on nexus, and using appropriate tools for your compliance.

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