Supreme Court Sales Tax Ruling
The Supreme Court delivered a decision on the South Dakota v. Wayfair, Inc. online sales tax case in favor of South Dakota. The ruling permits South Dakota’s application to charge sales tax regardless of whether the online vendor has property or employees in the state. This ruling drastically changes the sales tax and nexus landscape for the first time in over 25 years and attention will now be placed on Congress and to other states to see how they will react.
Is your business prepared to navigate the compliance requirements that will follow? Contact Mark Stack, CPA at mstack@LumsdenCPA.com to see how we can help your business understand the potential impact of this historic decision.
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Mark is responsible for tax compliance services to businesses and individuals, with specialized knowledge of manufacturing businesses, in conducting Nexus studies, and the nuances of state and local tax (SALT). He is a graduate of St. John Fisher College earning a Master of Business Administration and a Bachelor of Science in Accounting. Mark is a member of the World Trade Center Buffalo Niagara’s events committee and is a member of the Amherst Chamber of Commerce’s Emerging Business Leaders group. Active in the community, Mark serves as treasurer of Dog Ears Bookstore and Cafe and is a member of the Firm’s Making A Difference (MAD) Committee.