TCGplayer is introducing a new tax service for sellers to give you greater control over your tax nexus and greater insight into sales tax collection on your orders.
Many states are changing their laws regarding sales tax collection. To keep ahead of this, we’re partnering with Thomson Reuters ONESOURCE to make sure you can set up the most accurate tax nexus for your business and get greater access to your store’s collection data. If you’re operating from several locations, you’ll even be able to set up your nexus so you can collect in multiple states.
When the new service goes into effect, you’ll be able to provide Thomson Reuters with information specific to your business, such as in what states you are registered to collect sales tax. Thomson Reuters will calculate and collect the appropriate sales tax on all your orders based on this profile. They’ll also give you reports, giving you more insight and control over your tax collection data.
If you’ve already opted into tax collection through TCGplayer, you’ll be automatically enrolled on July 31st and receive log-in information for your new Thomson Reuters ONESOURCE account. If you haven’t yet opted in but are interested, this will be a great opportunity to get on board. We’ll be happy to set you up with Thomson Reuters when the system’s ready! The new service goes live mid-August, which is when tax collection through Thomson Reuters will officially begin.
If you have additional questions, contact your Customer Success Manager or reach out to our team.