Webinar: Tax Experts Explain Supreme Court Decision on Nexus
2 Min Read
If you are a retailer, you’ve probably spent the last few days wondering what the South Dakota v. Wayfair ruling will mean for your business.
In case you missed the news, last Thursday, the Supreme Court ruled that states can compel retailers to collect sales taxes even if they don’t have a physical presence in the state. For a long time, online retailers with no brick-and-mortar presence didn’t collect taxes on many purchases thanks of the 1992 Supreme Court case, Quill Corp. v. North Dakota, which has now been overturned.
The outcome of the ruling could affect not only large retailers such as Wayfair, Amazon, Overstock, and Etsy, whose shares tanked right after the Supreme Court decision, but also small and medium businesses that will need to understand how to treat out-of-state sales.
For many merchants, commerce tax rules have always been a major pain point and, due to the Supreme Court ruling, things will get increasingly hectic. As states begin to determine when and how to enforce their own economic nexus rules, retailers will no doubt be scrambling to stay ahead of the curb.
If you are one of them, don’t fret! Our partners at Avalara specialize in tax compliance, and are hosting a webinar to discuss how the court’s decision paves the way for a new world for sales tax.
Avalara’s Vice President of U.S. Tax Policy and Government Relations, Scott Peterson, and tax expert and partner at Peterson Sullivan LLP, Rachel A. Le Mieux, CPA, CM, offer their advice to online sellers, and answer frequently asked questions such as:
- What does the decision mean for online sellers?
- How do I know if I’m on the hook for sales tax in South Dakota?
- How soon should I begin collecting sales tax?
- What other states should I watch for?