As we pass the second anniversary of the historic U.S. Supreme Court decision in South Dakota v. Wayfair, the initial mania has begun to die down. Companies have a firmer grasp on where they stand with economic nexus rules across the states.
However, managing economic nexus obligations is not a one-time flurry of state registrations. The story doesn’t end there. Your company’s ‘nexus profile’ requires ongoing attention and maintenance to ensure your company stays compliant.
States continue to enact new remote seller legislation – particularly marketplace facilitator laws – and fine tune previously passed legislation. There are numerous key items to monitor to determine if you meet a state’s economic nexus threshold, or potentially just as important, if you no longer meet the threshold.
Not keeping up with how changes in state rules or even changes in your own business impact your nexus obligations opens you up to a lot more risk should an audit come down.
In this webinar, we will address the practical questions that come up in real business scenarios with economic nexus and registration so you can confidently track changes and stay compliant.
Who should attend?
This webinar is essential for remote sellers, including online sellers, online marketplace sellers, and sellers making sales into multiple states.
Financial and operations personnel who deal with sales and use tax as part of their responsibilities will also greatly benefit from this webinar. General practitioners, with minimal to no experience all the way to highly experienced pros are appropriate for this course.
Diane L. Yetter, President & Founder, YETTER and Sales Tax Institute
Diane L. Yetter is the “Sales Tax Nerd TM” as well as a strategist, advisor, speaker and author in the field of sales and use tax. She is president and founder of YETTER Tax, a sales tax consulting and tax technology firm in business since 1996. She is also the founder of The Sales Tax Institute, which offers live and online courses to educate business professionals about sales and use tax.
More About Diane L. Yetter
As vice president of regulatory analysis and design at Sovos, Chuck Maniace lives and breathes tax. For him, job No. 1 is ensuring Sovos customers remain fully compliant as rates, rules and requirements change around them. When Chuck signed up to become an indirect tax expert more than 20 years ago, he had no preconceived notions about his work garnering significant public attention. Today, Chuck is a respected industry voice routinely appearing in publications such as the Wall Street Journal, Forbes, and Bloomberg. He has been listed among Accounting Today’s Top 100 Most Influential people for five years.
More About Charles ManiaceThe U.S. Supreme Court’s decision in South Dakota v. Wayfair was a game changer for essentially any business making sales. Following the decision, waves of companies had to comply with new economic nexus rules and register to collect and remit tax in new states.
Sellers must develop a “Wayfair Strategy” that extends beyond the time you register and get set up with a state. The strategy needs to account for the continual enactment of new remote seller legislation across the states, tweaks to existing state nexus rules, and any changes within the business in that affect nexus.
This ongoing maintenance is a tall order and prompts a lot of questions the states don’t always clearly answer. For example, if you drop below the economic nexus threshold in a state, can you or should you de-register? What happens if you’re a 100% marketplace seller and marketplace facilitator laws are enacted in a state where you’re already collecting? What if you’re above the threshold but all of your sales are exempt, do you need to register? And on and on…
This webinar will help clear the air for day to day economic nexus management. You’ll learn about the key features of economic nexus rules and how they impact your business if they change, the interplay between economic and marketplace nexus rules, how to track your nexus obligations, and much more.
This 90-minute live webinar is taught by sales tax expert Diane Yetter of the Sales Tax Institute. She will focus on the practical issues and questions sellers run into with economic nexus and teach you how to develop an ongoing maintenance strategy to keep your company current and compliant.
Diane will explain the trends happening across the states, share which states are proposing new legislation, and what the future may hold for sales tax nexus. During the live Q&A portion of the webinar, you can get answers to your specific sales tax questions directly from Diane.
Webinar attendees can earn 1.5 hours of CPE credit in the “Taxes” field of study
Prerequisites: This course requires no prerequisites or advance preparation.
Program Level: Basic
Delivery Method: Group Internet-Based
Additional Information about CPE
Questions about the registration or webinar process, or need help troubleshooting? Visit the Live Webinar FAQ page to get answers.
Custom sales and use tax trainings are available for those needing a specialized program.