Question: Are there any post-sale SALT implications of acquiring a business that operates outside of our current sales footprint?

A: Yes, compliance policies and processes for state and local taxes can be affected, advises CRI Capital Advisors. When a transaction results in nexus in additional states or additional taxes, the combined business will face added sales tax collection and/or use tax remittance obligations, thereby increasing both liability and compliance. Check if you’ll need to register as a vendor and obtain a seller’s permit in certain…