How to assess nexus exposure (free nexus template)

By The Anrok Team

If you’re selling software across state and country boundaries, you’ll need to stay on top of where you might have established sales tax nexus. This includes taking into account of both economic as well as physical nexus rules.

Behind the Scenes: A Conversation with a Controller

By The Anrok Team

At Anrok, we have a lot of similar initial conversations with finance leaders at SaaS companies. Most of them are aware that sales tax is an important compliance matter for their company but are often confused on which products are subject to sales tax.

7 things your finance team needs to do to adapt to remote work

By The Anrok Team

As many companies found at the start of the pandemic, transitioning to remote work is about more than just location. A lot more goes into making this shift successful than simply sending your employees home to work at their desks or dining room tables.

How to reduce your exposure in a sales tax audit

By The Anrok Team

Most companies can expect to be audited at some point, so it’s important to have a plan for when this inevitably happens. You can get flagged for a sales tax audit for a variety of reasons. These include sales volume, high volume of exempt sales, and more.

What to look for in your first tax hire

By The Anrok Team

For SaaS companies, managing tax exposure is vital but can be disconcertingly complicated. In the US, sales tax laws governing software, and particularly SaaS, differ from state to state, and even within a state thanks to home rule municipalities.

Quick guide to validating exemption certificates

By The Anrok Team

Going through a sales tax audit can be an intimidating process, in part because the auditors’ requests for documentation are specific, and the process can be demanding

10 Strategies of Highly Effective CFOs

By The Anrok Team

There are many ways that The 7 Habits of Highly Effective People falls short in practice. While the book provides a thoughtful framework on how to improve our general work ethic, it does not offer tactical advice that you can use in your specific role.

4 priorities for your finance team before IPO

By The Anrok Team

You’ve gone through the hyper growth phase and are on the path to IPO. It’s often a time-consuming, labor-intensive, and expensive process that is watched like a hawk by regulators and the public alike.

How Anrok raised $20M to build the modern sales tax solution

By Michelle Valentine - CEO & Co-founder

We’re excited to announce our existing investors are doubling down. Anrok has raised a $20 million A round co-led by Index Ventures and Sequoia.

Is SaaS taxable in Colorado?

By The Anrok Team

The question of whether SaaS is taxable in Colorado is a far more complicated one than it seems at first. You might expect a yes or no answer.

Is software taxable in Chicago? A first look at edge case cities for SaaS.

By The Anrok Team

As Software as a Service (SaaS) becomes an increasingly common part of business-as-usual, legislatures and tax authorities are trying to figure out how to govern this unusual type of product.

How trailing nexus impacts your SaaS business

By The Anrok Team

Once you’ve registered to collect sales tax and filed returns with a state, it can be difficult to close that sales tax registration so you can stop filing returns. This lingering responsibility to a state regarding sales tax is called trailing nexus.

Which of the six major startup finance personas are you?

By The Anrok Team

Managing finances for a startup is a demanding job — while there’s much to be done, it’s often only one or two people in the beginning who are responsible for it all.

Is SaaS taxable?

By The Anrok Team

Software-as-a-service (SaaS) is a relatively new addition to the world of commerce, and it’s quite a bit different than goods that have traditionally been bought and sold—and taxed—in the marketplace.

Why startups are addressing sales tax now

By The Anrok Team

Should you tackle sales tax compliance right away? It can be hard to figure out when to prioritize it. So, we turned to one of the experts and asked him some hard questions about sales tax exposure and risk for software startups.

What is nexus and why do SaaS finance leaders care about it?

By The Anrok Team

In 2018, the South Dakota v. Wayfair Supreme Court case altered the definition of nexus, which delineates when a company is required to collect and pay taxes for sales made to customers in a given state.

Washington B&O tax explained

By The Anrok Team

If you’re obligated to remit sales tax in Washington, you’ll also have to address Washington B&O tax. Washington does not levy a corporate income tax, so the B&O tax serves as an alternative way of taxing business activities in the state.

Full-time employee vs. independent contractor: What's the difference?

By The Anrok team

The main principle that defines whether a worker is an employee or a contractor is who has control over how the work gets done—the worker or the employer. Dive in to examine this in a little more detail.

How to hire your first controller

By The Anrok Team

The best kind of controller will be a self-directed professional with well-honed technical accounting skills, excellent command of communication, and the wherewithal to build and manage an accounting team as the company grows.

Sales tax vs. income tax: What’s the difference for startups?

By The Anrok team

The difference between sales tax and income tax begins in their names: One is a tax on the sale of products or services while the other is a tax on income. Not every startup must pay both; which one applies in each case depends on a variety of factors.

Your tax engine’s end game: Automating filing and beyond

By The Anrok Team

In a previous post, we uncovered the truth about your tax engine and how it can fail to meet the needs of SaaS. This article examines the tail end of the process. We’ll look at what you need when it comes to reporting, filing, and remitting sales tax.

The truth about your tax engine: 5 ways it falls short

By The Anrok Team

Companies often turn to a sales tax engine to manage the minutiae of tax codes. But chances are, your engine isn’t giving you the full picture. Many engines miss (or charge more for) components that can make or break your compliance.

6 questions to figure out if you should start collecting sales tax

By The Anrok Team

Here are the six questions to ask when determining whether you should start collecting sales tax. Done at the right time, solving sales tax can save a business millions of dollars.

How to work with engineers: A cheat sheet for finance leaders

By The Anrok team

You’ve spent your career working with numbers, perhaps by specializing in FP&A or accounts receivable. If you’re like most finance leaders, you're increasingly asked to design financial systems and work with engineering. Here's how best to work with them.

Hiring remotely? Use this framework to stay compliant

By The Anrok team

When it comes to the US, hiring a remote employee triggers an immediate obligation for the startup to register in that state. Find out the compliant path forward for hiring remote workers.