https://youtube.com/watch?v=ZaTWiwiVN8E
GoDaddy Guides Emily and Darlene share tax tips for new online sellers that’ll help keep your business tax compliant. ✅ Check out more how to videos about adding an online store ➜ https://bit.ly/GDOnlineStore
In this video, you’ll learn:
Why ensuring you’re tax-compliant is a crucial part of selling online
Basic tax considerations all online sellers should be aware of
The concept of sales tax nexus and how it impacts online sellers
0:00 What online sellers need to know about taxes
0:45 Who do tax laws apply to?
1:09 How to make sure your online store is sales tax compliant
1:16 Getting advice from a tax professional
1:44 What is Nexus?
2:20 Documenting touchpoints with customers in other states
2:44 Setting up a separate bank account for taxes collected
2:53 Setting reminders for tax due dates
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