If you operate or manage a business, it is likely that the 2018 Supreme Court decision on Wayfair has been on your radar for some time now. Wayfair emboldened states to trigger tax collection from out-of-state businesses, also known as remote sellers, regardless of whether or not they had a physical presence – a standard that remains in effect in light of this decision. As a result, businesses across the country have had to navigate a slew of new tax obligations and requirements.
While many companies have turned to third-party firms to help them manage their Wayfair-related tax obligations, it is important to remember that the company itself is ultimately responsible for registering and determining if it should register.
Partnering with Thompson Tax – Your Trusted Sales and Use Tax Advisor – will help you navigate the complexities of Wayfair and address your company’s compliance filings confidently. We specialize in assisting businesses in the aftermath of the Wayfair decision and even partner with small and medium CPA firms to help with sales and use tax issues outside the typical CPA scope. Compliance is crucial, so contact us today for assistance with registration, reimbursement, and remittance.