Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
Tax nexus is a specific legal term in the United States that refers to the threshold of business activity which must be exceeded before a company is liable to collect and pay taxes in a specific state.
In other words, a tax nexus is established when your company has a significant presence in a state, and this can be triggered by various factors. These factors can include having a physical location in the state, employing workers in the state, or exceeding a certain amount of sales in the state, among others. As a startup founder, understanding tax nexus is important because if you're deemed to have a nexus in a particular state, you'll be required to collect sales tax from customers in that state, adding to your administrative responsibilities and potential tax liabilities.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at firstname.lastname@example.org.
Get the peace of mind that comes from partnering with our experienced finance team.