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Eide Bailly Sees Risk Awareness Driving Growth in Sales Tax Automation

CPA Practice

Eide Bailly sees risk awareness driving growth in sales tax automation. Sales taxes continue to be one of the most dynamic and risk prone areas of business operations, particularly since so many businesses are still not fully aware of their compliance requirements. Supreme Court decision in South Dakota v. Wayfair, Inc.,

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Don't Test Your Luck with Non-Compliance

TaxConnex

Patrick’s Day, don’t look to four-leaf clovers, pots of gold or leprechauns to bail you out of trouble with sales tax. If your company has a sales tax obligation s and doesn’t have a process yet in place, plan for the risks of non-compliance. Supreme Court Case, South Dakota v. sales tax audits ?are

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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g., 2080 (2018).

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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner

PYMNTS

Last year, in the case of South Dakota v. the Supreme Court ruled that online retailers could be mandated to pay sales tax — and taxes can be levied by states on firms that do not have a physical presence in those states. Knock, Knock: It’s The Friendly Neighborhood Auditor. Wayfair, Inc. ,

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