DATE HOSTED: 07/29/2020
DURATION: 1 hour
Since the South Dakota vs. Wayfair ruling in 2018 allowed states to mandate businesses to collect sales tax even if they don't have a physical presence in that state, every tax-focused professional has been wondering, how likely is this to affect my organization?
The answer? Very likely.
Some e-commerce sellers immediately assessed their operations and determined where they will meet economic nexus standards and have sales tax obligations. However, there are still many organizations that never thoroughly evaluated their compliance status after the ruling.
Companies taking a “wait and see” approach as to whether or not they meet economic nexus standards in a particular state will most likely face notice assessments for past-due taxes.
In this session, attendees will learn:
VP Regulatory Analysis & Design | Sovos
CEO | LedgerGurus