South Dakota helped create a new standard for economic nexus threshold with the groundbreaking South Dakota v. Wayfair, Inc. decision. Following that case, almost the entire country has followed suit and worked on adjusting how they collect and remit sales tax. Not every state or territory has completely mimicked South Dakota, and remote sellers in […]
Following the South Dakota v. Wayfair, Inc. decision, nearly every state started updating their nexus tax laws. The Minnesota economic nexus is just one example of a state adjusting to the Supreme Court case, pushing businesses – in particular remote sellers – to adhere to new regulations. Below, we’ve highlighted some of the major aspects […]
Prior to the South Dakota v. Wayfair, Inc. decision, the Commonwealth of Massachusetts had updated its economic nexus provisions to include economic nexus as well as “cookie nexus,” which allowed internet cookies on customer devices to trigger nexus in a jurisdiction. Since that time, the Massachusetts Department of Revenue updated details on the Massachusetts economic […]
Many states, as well as the District of Columbia, have started implementing economic nexus sales tax laws for out-of-state or remote sellers because of the South Dakota v. Wayfair Inc. decision. The Kansas Department of Revenue initially announced it would tax remote sales. However, the Kansas Attorney General called the policy invalid and the state is […]
Prior to the South Dakota v. Wayfair, Inc. Supreme Court decision, Washington state had already enacted rules for remote sellers and marketplace facilitators on how those businesses must collect and remit sales tax. Washington state nexus sales tax requirements were, however, altered because of the Wayfair case and Washington further adjusted its economic nexus and […]
Should we move our tax engine to the cloud or keep it on-premise? This conversation is taking place in many organizations as they assess their approach to sales tax management. In this three-part series, we’ll explore some of the problems IT is working through to maintain on-premise solutions that may not always be visible to […]
When the South Dakota v. Wayfair, Inc. decision took place, nearly every state started to adopt to new sales tax nexus requirements, including Michigan. The state enacted Revenue Administrative Bulletin 2018-16 (RAB 2018-16), which addresses economic nexus and how Michigan sales and use tax nexus standards changed. We have outlined several of the major points […]
The Virginia sales tax nexus requirements changed in 2019, following the South Dakota v. Wayfair, Inc. decision. The Commonwealth passed its own legislation to specify how remote sellers or marketplace facilitators have economic nexus, but it essentially opted to replicate the specifications outlined in the Wayfair decision – as did many other states. Even so, […]
When the South Dakota v. Wayfair, Inc. decision was made, remote businesses needed to take note of how states and territories were requiring the collection and remittance of sales tax. The District of Columbia economic nexus was also impacted, with D.C. adopting requirements in line with South Dakota’s, which were laid out in the Supreme […]
Course Offering Spotlight In this week’s course offering spotlight, we are highlighting another one of Sovos’ regularly offered courses, Schedule P Preparation. This course teaches you how to complete schedule P of the annual statement and understand its analytic value. In our upcoming Sovos Insurance Regulatory Summit 2020, we will be offering a session on […]
This year has brought change to the Illinois sales tax nexus rules. In addition to the South Dakota v. Wayfair, Inc. decision, collection obligations changed for marketplace and remote sellers on January 1, 2020. Two new laws expanded nexus in Illinois to include marketplace facilitators, which “are required to register to collect and remit Illinois Use […]
Many states have started making changes to how they collect and remit state and local sales tax following the South Dakota v. Wayfair, Inc. decision. However, the New York economic nexus changed more quickly than others. New York made its enforcement date June 21, 2018 – the same day as the Wayfair ruling. The state […]
Since the South Dakota v. Wayfair, Inc. decision, nearly every state has adopted sales tax economic nexus changes. However, Florida has not yet made any such changes. The Sunshine State has no remote sales tax law and does not have income tax. Some lawmakers proposed legislation that would require remote businesses with sales in Florida […]
The South Dakota v. Wayfair, Inc. decision made waves in the sales tax nexus world, with ripples being felt in every state. The Texas sales tax nexus rules were no exception, and all businesses operating in the Lone Star State – remote organizations and those with a physical presence – must ensure they stay compliant. […]
It is essential that California businesses – both those operating remotely and that have a physical presence in the state – understand and adhere to all sales tax nexus laws, especially when and if the laws change. Failure to comply with these obligations could impact how businesses properly collect and remit taxes, leading to audits […]
Should we move our tax engine to the cloud or keep it on-premise? This conversation is taking place in many organizations as they assess their approach to sales tax management. In this three-part series, we’ll explore some of the problems IT is working through to maintain on-premise solutions that may not always be visible to […]
With more than 50-years helping professionals succeed in their career, our Sovos Booke regulatory team is known and trusted throughout the insurance industry and is the premier compliance destination for information and emerging trends in tax, regulatory reporting and compliance. Our team of educators share their knowledge and experience to teach the nitty-gritty of insurance […]
Tuesday, October 6 CEO Keynote: Our Journey to Solve Tax for Good | Andy Hovancik, President & CEO, Sovos GCS Intelligent Reporting kicked off with our Sovos CEO, Andy Hovancik, sharing more on what attendees can expect to get from this year’s event and helping attendees better understand Sovos’ mission to “Solve Tax For Good.” […]