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Sales Tax Issues for Online Retailers

Withum

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., South Dakota v. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax.

Sales 80
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Friday Footnotes: The Number of Professionals at Each of the Biggest Firms; PwC Uses Big Words; AI, AI, AI | 6.28.24

Going Concern

Internal auditors must assess that robust risk management systems are in place. Auditors should verify that high-quality data is used, appropriate documentation is maintained, and applicable record-keeping practices are followed. High-risk AI systems are subject to stringent requirements under the AI Act.