E-com Sales Tax

The 3 Most Important Areas of Due Diligence for Sales Tax When Acquiring/Selling a Business

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On today’s podcast we caught Dan while he was on the road visiting a client. The client had just run into some issues dating back to a few years ago when they acquired another business. A common thing to overlook when doing your due diligence before selling or acquiring a business is sales tax. Having a lot of sales tax exposure could really hurt the sale of your company. Also, if you are acquiring a business and neglect going over the sales tax issues during the due diligence process, it could come back to haunt you years later. Andy and Dan discuss “The 3 Gotchas” when it comes to sales tax, those include; Nexus, Exemption Certificates, Returns, and a Bonus 4th Gotcha. Today you can learn how to protect yourself and your clients.Additional Questions Answered:What sales tax liabilities should I be worried about when I sell my company?What sales tax liabilities should I be worried about when I buy a company?What kind of sales tax due diligence should I do when I buy a company?Why should I care as the acquirin