July 30, 2019 • 57 mins
On June 21, 2018, the Supreme Court announced its decision in the South Dakota vs Wayfair case – one that granted states the right to tax out-of-state sellers for products sold within their borders. This ruling changed how businesses must tax sales to out of area clients.In the past, a business needed “nexxus” to be considered operating in that state. This meant a physical location such as a warehouse or storefront. Online sellers rarely fell into this category, so they did not need to collect tax from clients residing outside of their state. This law has changed all of the rules regarding out of state sellers.If you are unaware of this law or don’t know how to implement it for your business, listen in for information to help you be in compliance.
https://bit.ly/May2024CFF
Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in
Become a supported of the show: https://www.buzzsprout.com/1522381/support
Mark as Played
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.