{"id":11224,"date":"2022-12-01T21:40:22","date_gmt":"2022-12-01T21:40:22","guid":{"rendered":"https:\/\/taxops.com\/?p=11224"},"modified":"2022-12-01T21:48:04","modified_gmt":"2022-12-01T21:48:04","slug":"missouri-last-state-to-enact-economic-nexus","status":"publish","type":"post","link":"https:\/\/taxops.com\/missouri-last-state-to-enact-economic-nexus\/","title":{"rendered":"Missouri Last State to Enact Economic Nexus"},"content":{"rendered":"\n<div style=\"height:37px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-1024x536.png\" alt=\"\" class=\"wp-image-11228 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-1024x536.png 1024w, https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-980x513.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-480x251.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-1024x536.png\" alt=\"\" class=\"wp-image-11228 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-1024x536.png 1024w, https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-980x513.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus-480x251.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>With Missouri\u2019s economic nexus law set to go into effect January 1, 2023, taxpayers have some nexus evaluations to do to avoid penalties and interest.\u00a0 Here\u2019s what to expect.\u00a0<\/em>\u00a0<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">By <a href=\"https:\/\/taxops.com\/judith-vorndran\/\" target=\"_blank\" rel=\"noopener\" title=\"Judy Vorndran\">Judy Vorndran<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Missouri\u2019s economic nexus law goes into effect January 1, 2023. According to <a href=\"https:\/\/www.senate.mo.gov\/21info\/pdf-bill\/tat\/SB153.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">SB 153<\/a>, nexus will be triggered for taxpayers who have taxable sales in Missouri that exceed $100,000 in 2023. For subsequent years, the law will also impose a 200 transaction-per-year threshold. Missouri will implement separate rules for sourcing transactions for sales that are completed through a marketplace that differ from the current sourcing regime. Missouri is the last state of the 46 that impose a sales tax to impose both an economic nexus and marketplace facilitator rule.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taxpayers should work with their tax provider to review their 2022 gross receipts from taxable sales to determine if they exceeded the $100,000 threshold on January 2, 2023. For those with economic nexus (and other forms of nexus), taxpayers are obligated to collect and remit the sales tax during the next 12 months. Talk with your TaxOps advisor about a nexus analysis for Missouri and all the other states that could result in registrations that might be required to avoid penalties and interest.&nbsp;<\/p>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">More Tax News<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/#subscribe\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe to Tax News<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With Missouri\u2019s economic nexus law set to go into effect January 1, 2023, taxpayers have some nexus evaluations to do to avoid penalties and interest.\u00a0 Here\u2019s what to expect.\u00a0\u00a0 By Judy Vorndran Missouri\u2019s economic nexus law goes into effect January 1, 2023. According to SB 153, nexus will be triggered for taxpayers who have taxable [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[229,226],"tags":[388,133,54,126,27,70,487,30,751,620],"class_list":["post-11224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-and-local","category-tax-news","tag-accounting-professionals","tag-accounting-today","tag-award","tag-cpa","tag-federal-tax","tag-hiring","tag-job","tag-state-and-local-tax","tag-tax-optimization","tag-tax-professionals"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2022\/12\/Missouri-Last-State-to-Enact-Economic-Nexus.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/11224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=11224"}],"version-history":[{"count":5,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/11224\/revisions"}],"predecessor-version":[{"id":11231,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/11224\/revisions\/11231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/11228"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=11224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=11224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=11224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}