Financing, tax rates, and accounting
Sales tax laws and rules are complicated so you'll need to do some homework and not rely on just responses in this forum. A couple of thoughts:
Do a search on economic nexus first and determine if you have nexus in other states. You need to consider both physical and economic nexus. Tax rates vary by state, county, city/local jurisdictions. You can turn automatic sales tax on in Shopify and they'll give the local rate based on their system and it may or may not be correct but you'll still need to know about nexus first.
You may be able to give a resale tax exemption form to AlieExpress so that they don't charge you sales tax but you'd need to check with them about that. If they don't charge tax, you then become responsible for collecting the tax based on your nexus.
By investing 30 minutes of your time, you can unlock the potential for increased sales,...
By Jacqui Sep 11, 2024We appreciate the diverse ways you participate in and engage with the Shopify Communi...
By JasonH Sep 9, 2024Thanks to everyone who participated in our AMA with 2H Media: Marketing Your Shopify St...
By Jacqui Sep 6, 2024