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If you are a business owner with a small budget One tax form you need to pay close pay attention to will be sales tax. In contrast to income taxes that are calculated determined by your net profits, sales taxes are determined by the type of sales your business has. In the case of e-commerce companies, correctly accounting for and collecting sales taxes is essential. In case you do not correctly collect sales tax, your business could be penalized or even audits later on.

This sales tax guide provides fundamentals that you must learn, from understanding the contribution to tax on nexus, and using appropriate tools for the process of obtaining compliance.