Business
The Wayfair decision made in 2018 by the United States Supreme Court was a phenomenal overturning of longstanding court ruling on taxable businesses. This recent court ruling impacts many businesses, not only in South Dakota but also in other US states; and whenever new court decisions are finalized and become executory, it’s a challenging time not just for the implementers but for those who need to implement them in their own businesses and activities. The ones most affected by this ruling are online sellers who use online marketplaces like Amazon to sell their products. These often small time business owners suddenly need to be more acquainted with their tax remittances from the sales they make in their online stores and it can be pretty taxing. In this episode of Sales Tax and More, Michael Fleming is joined by Scott Peterson, Vice President of U.S. Tax Policy and Government Relations at Avalara to discuss how the Wayfair decision affects various players in the United States, what the grounds for the ruling are, the transaction thresholds it covers, and how you can ensure that your business remains state compliant to avoid headaches in the future. Stay tuned.