Plain-English definitions of AI, accounting, and SaaS-finance terms.
A sales tax obligation trigger based on the dollar value or number of transactions in a state, regardless of physical presence, established after South Dakota v. Wayfair (2018).
A broad-based consumption tax applied to most goods and services, similar to VAT, used in Canada, Australia, India, Singapore, and other countries.
The legal entity responsible for processing customer payments, managing tax compliance, and handling refunds and chargebacks for digital goods and services sales.
The level of connection between a business and a state sufficient to require the business to collect and remit sales tax in that state.
A consumption tax levied at each stage of production and distribution, collected by businesses on behalf of the government throughout the supply chain.
