Sales Tax in a Post-Wayfair World: Evolving Nexus & Other Trends Webinar (2 Hours)

Overview: 

Since the US Supreme Court's landmark decision in South Dakota v. Wayfair, out-of-state sellers must collect sales tax on goods and services delivered to other states. As a result, other taxes are also being affected. This requires sellers to monitor these evolving standards and nexus in every state, as well as implement processes and automate tax solutions to manage the process and reduce audit risk. In this webinar, we will review:

  • Sales tax compliance obligations for sellers
  • Monitoring changing tax laws
  • Processes and automated tax solutions to reduce audit risk
Objective: 

To provide tax professionals with an overview of the changing sales tax nexus landscape, in order to minimize the risk of a sales tax audit, and manage the audit process and documentation flow.

Emphasis: 
  • South Dakota v. Wayfair: Economic Nexus
    - What is economic nexus? And
       how did we get here?
    - State/economic nexus/
       marketplace nexus provisions
    - Which states have economic
      nexus?
      - How do they apply? When do
        they take effect?
      - Does it affect all sellers?
    - How does this ruling affect drop-
      shipments?
  • Physical Presence Nexus
    - Does it still apply?
    - Types of activities that can
       create nexus
    - Nexus in the digital age--what
      can we expect?
  • What's on the Horizon?
    - State adoption of economic
      nexus for other taxes
    - Enforcement
    - Taxation of digital goods and
       services
  • What Remote Sellers Should Do Now
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
2.00
NASBA Field of Study: 
Taxes