The Sales Tax and its regime has been drastically affected following the seminal U.S. Supreme Court decision in the South Dakota v. Wayfair case. Now the states can force the remote vendors to collect sales tax. This standard will create a larger compliance footprint for U.S. companies, and, potentially, foreign companies. The states have become more aggressive in identifying and requiring businesses to comply with the sales tax rules.
Given the nature of the situation, it is required for all the entities doing business in the U.S. to examine the ramifications economic nexus is going to bring, especially the ones selling products via e-commerce. The new nexus landscape has caused businesses and their professional advisors to review and update their sales tax collection practices, including obtaining exemption certificates from many customers in states that were never previously required. Further, it has created significant obstacles for the growing number of service providers that deliver their service through the Internet, as states differ substantially on if and how such services are taxed.
This Online CPE webinar on Taxes is going to cover the following Key Topics:
This Online CPE webinar on Taxes will help public accountants and those in the industry identify when nexus is created, the steps in determining the taxability of products and services, and the steps in complying with any new collection requirements.
A certificate course on Sales & Use Tax Fundamentals might interest you.