The U.S. Supreme Court’s ruling in South Dakota v. Wayfair ushered in the formal adoption of economic nexus for purposes of state filing obligations, which will have a tremendous impact in the technology industry.
The Wayfair decision will greatly reduce a technology company’s ability to avoid their collection and remittance responsibilities for states in which they have anything above minimal sales. It will also require companies to not only file more returns, it will also require additional tax determinations, collection of a significant number of additional exemption certificates and other documentation, recalculations of accruals, among other things.
This large scale change will stress tax departments that were not designed for this additional volume. This webcast will discuss a technology company’s practical response to Wayfair, including rethinking, or revamping, current compliance strategies to meet the on-coming demands.
- Interpret the Court’s decision, including rationales
- Assess how states have reacted to the decision with respect to their treatment of remote seller issues
- Recognize what kind of response may be necessary to ensure compliance in a post-Wayfair world
Download this webcast presentation
- Joel Waterfield, National Tax Leader, Technology Industry Practice, Grant Thornton LLP
- Geoff Lane, Director, Federal Tax and Policy, CompTIA
- Kara Bush, Director, State Government Affairs, CompTIA
Please note: CPE credits are not awarded for webcast replay.
Recommended Field of Study: Taxes
Program Level: Overview
Delivery Method: Group - Internet
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