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A virtual connection with a state based on sales volume or transactions. This now means, in most states, that if your bu meets a threshold of $100,000 in sales in that state, it may require you to collect sales tax on transactions digital business base economic nexus O home base O virtual tax base

A virtual connection with a state based on sales volume or transactions. This now means, in most states, that if your bu meets a threshold of $100,000 in sales in that state, it may require you to collect sales tax on transactions digital business base economic nexus O home base O virtual tax base

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A virtual connection with a state based on sales volume or number of transactions. This now means, in most states, that if your business meets a threshold of $100,000 in sales in that state, it may now require you to collect sales tax on transactions digital business base economic nexus home base virtual tax base
Transcribed Image Text:A virtual connection with a state based on sales volume or number of transactions. This now means, in most states, that if your business meets a threshold of $100,000 in sales in that state, it may now require you to collect sales tax on transactions digital business base economic nexus home base virtual tax base
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