For those of you keeping up with this landmark sales and use tax case, changes are happening fast and furious across the country. Since the end of June when the Wayfair decision was handed down by the Supreme Court (confirming South Dakota is right to require out of state online retailers who have no physical presence in South Dakota to register and collect South Dakota sales and use taxes) at least 12 of the 46 states that administer sales and use taxes changed their position to require registration and collection without physical presence in their state.
What does all this mean?
For the consumer, it means that online retailers we will be required to collect the sales and use tax on your online purchases. As more and more retailers register to collect sales and use taxes, the consumer will have less sales and use taxes to self-report on their own.
For the retailers, additional sales and use tax compliance is now required in states where you have no physical presence (property, payroll, agency relationships, etc.). Are you ready to add that additional responsibility to your business?
What is next?
If you have questions about how Wayfair affects you or your company, please reach out to Cam Brawley, Director of State and Local Tax Services.