Sales Tax Boot Camp for Zoey Partners

with LIZZY GREENBURG FROM TAXJAR

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SALES TAX BOOT CAMP FOR ZOEY

PARTNERSYour Guide to Understanding & Managing Sales Tax

• Cover some tax basics• Resources for help in the future• Questions!! (use the chat section to the left)

QUICK INTRO:

• Passion: using tech to solve problems for small business!

• CA and TX Sales Tax payer since 2004

• Not a CPA or tax professional• Talked to thousands of online

sellers, pros, auditors, states

• Here to help you make informed decisions

“I want sales tax to go away!”

– Average TaxJar Customer

SALES TAX BASICS

CHAOS PREVAILS

• No federal laws or governing body (yet)

• 45 states (and DC) = 46 sets of laws• Nexus• Taxability• Rates• Due dates

WHAT’S TAXABLE?

• Tangible items are taxable• Common exceptions are clothing and food

• Services are mostly not taxable• Are the tides changing?

• Shipping, gift wrapping can be taxable

WHAT’S TAXABLE?

• Tangible items are taxable• Common exceptions are clothing and food

• Services are mostly not taxable• Are the tides changing?

• Shipping, gift wrapping can be taxable

”“

PASS-THROUGH TAX

• Pay what you collect

• Never pay out of pocket!

• Sellers are ‘collection agents’

Starting is the hardest part.

Sales Tax CAN Be Automated!

WHAT THE HECK IS NEXUS?

NEXUS IS WHEN/WHY YOU CARE

A presence / connection in a state that’s significant enough for you to be

required to comply with their sales tax law

WHEN SHOULD I COLLECT SALES TAX?

GOLDEN RULE OF COLLECTION

Collect sales tax when the item sold is shipped to a state where you have nexus

MEET JOE SELLER

• Based in Akron, OH

• Only has nexus in OH

• Complying in 1 state

Akron, OH Lakewood, OH

Collect sales tax

NEXUS SALE

Collect sales tax

REMOTE SALE

Waltham, MAAkron, OH

HOW MUCH SALES TAXSHOULD I COLLECT?

COLLECTION LOGIC: SOURCING

• State where item is shipped determines tax rate

• Tax rate usually = sum of applicable rates• State• Local• Other (i.e., education, transportation)

ORIGIN VS. DESTINATION SOURCING

• Origin-based state• Tax rate = seller’s location• One rate for entire state

• Destination-based state• Tax rate = where item is shipped• Variable rate

CA SCHEDULE B

SELLING ON ZOEY& SALES TAX

SALES TAX ON ZOEY

• Manage tax rates by country, state, and zip code

• Apply rates to specific product and customer classes

• Import rates manually with a CSV or spreadsheet

SALES TAX ON ZOEY

FIND TAXJAR ON THE APP STORE

ZOEY + TAXJAR• Add TaxJar from the Zoey App Store

• Follow the guide at http://support.zoey.com/docs/taxjar

• Sync your orders with TaxJar for automated sales tax reporting and filing.

• We’ll automatically import and refresh your tax rates each month for accurate calculations.

STEPS TO FILING

FILING TO THE STATES

• Your frequency is tied to how much you collect• The more taxes collected, the more often you file

• Frequencies• Annual• Quarterly• Semi-Annual• Annual• Fiscal Annual

COMMON PITFALLS

• Not collecting taxes on every channel

• Not collecting accurately across channels

• Not enough time to keep up

HOW ARE YOU FEELING?

3/2/16 47

HOW DO I EVEN GET STARTED?

Painless sales tax automation for online sellers

Connect your eCommerce provider

See your sales tax collected by state

View where you might have nexus

View sales tax collected by jurisdiction

Are you collecting the right amount?

AutoFile: Let TaxJar file your return

More than 7,000 happy customers, including...

Helpful resources

youtube.com/taxjarFor visual learners

salestaxcommunity.comTalk with 5,000 other store owners and tax pros!

blog.taxjar.comContent just for ecommerce & sales tax

TALK TO US!

855-800-6681

❖ 30-day free trial (no credit card required)

❖ Monthly or annual subscriptions

❖ Pricing based on transaction volume

• Starts at $19/month for 1k transactions

• $19.95 per AutoFile return

Get Started…FOR FREE!

www.TaxJar.com

PRICING TIERS

WE LOVE QUESTIONS!

Sales Tax Boot Camp for Zoey Partners

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