In the world of sales tax, 2018 will be remembered as a big year for change. The Supreme Court upended the long-standing precedent that companies need physical presence in a state before they’re required to collect and remit sales tax. And nexus isn’t the only thing in flux as we enter the fiscal new year. Sales tax changes for marketplace sellers, new tax amnesty programs, and changes to tax on services are also making headlines.
We know it is a lot of work to stay current on latest rulings. Thankfully, our partner at Avalara researched and compiled the latest changes to state rules that could change the way you manage your business. Avalara offers cloud-based sales and use tax management solutions. We’ve been working with Avalara (and some of you!) to seamlessly integrate with your ERP, accounting, ecommerce, and retail POS systems. The Avalara solution provides accurate sales and use tax calculation, exemption certificate management, and easy filing and remittance.
So, we wanted to pass along the “2018 Sales Tax Changes: Mid-Year Update” that highlights the major changes happening now and provides analysis and predictions for what’s in store.
This report covers:
- The impact of the Supreme Court’s ruling in South Dakota v. Wayfair, Inc.
- New consumers’ use tax and reporting requirements
- New rules on product and service taxability
- Breakdown on new tax exemptions
You can download this report at Avalara’s site. It’s an easy view into a complex topic. Happy reading!