Nexus–the level of connection your business has with a taxing jurisdiction–is the most critical concept in sales tax. Without nexus, a taxing jurisdiction cannot impose its sales taxes on you.
Here we are, six years since the economic nexus changes began, seeing major sales tax legislative changes. We are seeing major impacts come to fruition before our eyes, from states dropping their transaction count thresholds, to Streamlined Sales Tax updating taking positions on best practices as well as providing guidance on nuances, to ongoing litigation of high-profile cases like Wayfair (again), Pet Meds and Coast to Coast.
Keeping up with changes in state rules or changes within your own business is crucial to maintaining compliance and minimizing audit risks. This webinar will explore how the Wayfair decision continues to shape the sales tax landscape and what we’re seeing happen right now!
This webinar will provide you with the insights needed to confidently prepare for changes, stay compliant, and understand the future trajectory of sales tax in the post-Wayfair era. Join us to ensure your business remains ahead of the curve in managing sales tax obligations.
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.
The U.S. Supreme Court decision in South Dakota v. Wayfair and its lasting impacts have been a game changer for every business making sales. Will the Federal Congress get involved in the economic nexus “game”? The Senate Finance Committee held a hearing discussing the burden the Wayfair decision through state legislation places on small sellers in June of 2022 where our own Diane Yetter provided testimony about the challenges businesses face in determining what the specific rule is that applies in each state. The Government Accounting Office (GAO) in their report published late 2022 reinforced the complexity and resulting burdens. But nothing has happened since then federally.
However, states continue to fine-tune previously passed nexus legislation and rules, especially due to the interplay between economic, marketplace, or marketplace facilitator rules, and physical nexus. Modifications to economic nexus thresholds, rules about including/excluding marketplace sales, and new implications for where you have inventory are just a few of the changes that have popped up post-Wayfair for multistate sellers to deal with. South Dakota started a trend in 2023 in recognizing the burden that the 200 transaction count threshold places on the smallest of sellers. South Dakota dropped their transaction count threshold July 1, 2023 followed by Louisiana effective August 1, 2023, Indiana effective January 1, 2024 and Wyoming on July 1, 2024. North Carolina has legislation pending which if passes is effective July 1, 2024.
The strategies and systems you have in place to manage sales tax must be able to handle continual change in the sales tax landscape and changes in your business. This is especially important as states are getting more aggressive in their enforcement of nexus laws through audits. You cannot assume that you can fly under the radar any longer.
This webinar will provide a full rundown of the future of sales tax six years after Wayfair decision so that your business can stay compliant.
This 90-minute live webinar is taught by sales tax expert Diane Yetter of the Sales Tax Institute. She will share a look into sales tax six years after Wayfair to help you understand what to expect as well as dig into the practical issues and questions businesses run into with economic nexus. Diane will explain nexus trends across the states and how to develop an ongoing maintenance strategy to keep your company current and compliant.
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 1.8 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
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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. YetterThe All-Access Webinar Pass grants you the ability to attend an entire year’s worth of Sales Tax Institute live webinars and access all existing on-demand webinars!
As a busy tax pro, it can be hard to find quality professional development throughout the year. The All-Access Webinar Pass takes care of all your required sales tax training in one easy step. Learn from the experts about the sales and use tax issues that matter with access to the Sales Tax Institute’s monthly live webinars and full, unlimited access to the Sales Tax Institute’s on-demand webinars.