Significant Trends and Developments in Sales Tax Landscape in Light of South Dakota v. Wayfair
Based on Supreme Court rulings in 1992, sales tax can be collected on online purchases if the seller has a “physical presence” in the state. However, this decision has been reversed in the South Dakota v. Wayfair case. On June 21, 2018, the Supreme Court decided that online sellers can now be required by the state to pay sales tax. According to the Supreme Court, modern e-commerce does not fall in the same category with the qualifications that led to the Quill decision, thus, requiring the seller to have a physical presence in the state.
As online retailing and modern e-commerce continuously flourishes into a bigger industry, this ruling will be a key player to the changes coming to present sales tax compliance and collection.
In this LIVE webcast, a panel of key thought leaders organized by The Knowledge Group will provide an overview to help you understand the critical elements of the South Dakota v. Wayfair case decision and its potential effects on online retailing industry, the sales tax collection and compliance landscape.
Key issues that will be covered in this course are:
- South Dakota v. Wayfair – An Overview
- Latest Updates and Developments
- Implications to Sales Tax Landscape
- What’s to Come for the Online Retailing Industry?
- Sales Tax Compliance and Collection in the Years to Come
Richard Cram, Director, National Nexus Program
Multistate Tax Commission
- States’ adoption of “economic nexus” statutes or regulations, as well as states’ announcements of implementation of Wayfair, effective dates, and states’ adoption of notice and reporting requirements
- States’ requirements for marketplace facilitators to collect or comply with notice/reporting
- States’ adoption of “cookie nexus” or “click-thru nexus”
- States that have not yet published post-Wayfair guidance
Richard B. Fry, Partner
Buckingham, Doolittle & Burroughs, LLC
- Examining the effect of Streamline Sales & Use Tax Agreement simplification requirements on States’ ability to impose economic nexus following Wayfair.
- Service providers have a particularly high compliance burden with respect to determining the taxability and sourcing of services in multiple states.
- Preparing to comply with non-sales taxes, including application of P.L. 86-272 protection.
- Will Congress consider a nationwide solution?
Charles Maniace, Director of Regulatory Analysis
- Wayfair in the global context – how does this align with global trends in indirect taxation
- Non US Sellers – must they comply
- Downstream ramifications of expanded nexus on filing and certificate management
Considering tax automation solutions…
Akash Sehgal, Partner
Green Hasson & Janks LLP
- How California and other Western states are approaching the Wayfair decision
- Will states try and expand Wayfair to revenue generated from services or intangibles
- Considerations for Private Equity and M&A Transactions as a result of Wayfair
Who Should Attend:
- Chief Financial Officers
- Tax Professionals
- Accounting Executives
- Finance Executives
- Tax Lawyers
- Retailers, Distributors, Manufacturers and Vendors
- Other interested professionals
Charles Maniace is the Director of Regulatory Analysis at Sovos, a leading global provider of software that safeguards businesses from the burden and risk of modern tax. An attorney by trade, Chuck leads a team of attorneys and tax professionals responsible for all the tax and regulatory content that keeps Sovos clients continually compliant. Over his 15 year career in tax and regulatory automation, he has given talks and presentation of a variety of topics and provided insight and analysis to the Wall Street Journal, CNBC, and more.
Charles Maniace is the Director of Regulatory Analysis at Sovos, a leading global provider of software that safeguards businesses from …
Richard Cram is the Director of the Multistate Tax Commission’s National Nexus Program in Washington, D.C. The National Nexus Program provides a Multistate Voluntary Disclosure Program that 38 states, including the District of Columbia, participate in. Prior to his current position, Richard served for 15 years as the Director of Policy & Research in the Kansas Department of Revenue, and for 2 years as an attorney in the Legal Services Bureau of the Department, in Topeka, Kansas. He has worked as a research attorney for the Kansas Supreme Court, and practiced law as an associate in law firms in Chicago, Illinois and Goodland, Kansas. Richard graduated from the University of Kansas School of Law. He is licensed to practice law in Kansas and currently resides in Alexandria, Virginia.
Richard Cram is the Director of the Multistate Tax Commission’s National Nexus Program in Washington, D.C. The National Nexus Program …
Akash Sehgal leads the Firm’s Tax Practice, along with having deep expertise in multistate income and franchise tax, sales and use tax and credits and incentives. He has more than 20 years of tax, and prior to joining Green Hasson Janks in 2013, worked at two Big Four firms in Los Angeles and Seattle.
Akash is also the lead tax partner in the Firm’s Food and Beverage Practice and works with a number of beverage manufacturers operating both in California and on a multistate basis.
Akash also leads the Firm’s research and development credit outsourcing initiative and works closely with specialized research and development credit firms.
Akash enjoys helping clients grow their businesses and assisting them on complex state and local tax issues related to transactional planning, mergers and acquisitions, general day-to-day consulting and compliance. He has significant experience dealing with state tax issues in California, Oregon, Idaho and Washington and local city taxes including the Los Angeles City Business Tax. He is a frequent speaker for a variety of tax associations including Tax Executive Institute (“TEI”) and the Council on State Taxation (“COST”).
As head of Green Hasson Janks Great Places to Work Committee, Akash has seen the collaboration between the various groups and people at the firm. His strong desire to help both employees and clients #BeMore has helped to make the Firm a great place to work.
Akash has a Bachelor of Science degree in Accounting from California Polytechnic University, Pomona.
Akash Sehgal leads the Firm’s Tax Practice, along with having deep expertise in multistate income and franchise tax, sales and …
Richard Fry is a Partner in the Business Practice Group at Buckingham, Doolittle & Burroughs with a focus on state and local taxation. He provides clients with trusted advice concerning significant transactions, tax planning, and difficult challenges encountered in their daily operations. His practice is focused on state and local tax compliance and controversies, including Ohio sales/use tax and multistate nexus compliance. Rich has significant experience representing taxpayers in Ohio tax controversies involving sales / use tax, commercial activity tax, and personal income tax before Ohio courts and the Ohio Board of Tax Appeals. Additionally, Rich represents client in negotiating and drafting agreements for commercial and real estate transactions. Because of his tax background, he advises clients on the business and tax implications related to their corporate structure and significant transactions. Rich served as Chair of the Ohio State Bar Association Taxation Committee from 2016 – 2018 and has been asked to present his opinion concerning tax laws and policy to Ohio legislatures on behalf of the Bar Association.
Richard Fry is a Partner in the Business Practice Group at Buckingham, Doolittle & Burroughs with a focus on state …
Print and review course materials
Method Of Presentation:
On-demand Webcast; Group-Internet Based
General Knowledge in Sales Tax Compliance
NASBA Field of Study:
Taxes – Technical
NY Category of CLE Credit:
Areas of Professional Practice
2.0 CLE; 2.0 NASBA-CPE
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Sovos is a global leader in tax compliance and regulatory reporting software. The Sovos Intelligent Compliance Cloud combines regulatory analysis with a cloud software platform to create an adaptable and connected global compliance solution that helps businesses stay ahead of the changing regulatory environment. The Company supports over 4,500 customers and integrates with thousands of business applications from ERP to point-of-sale to bank backend systems.
Sovos is based in Boston, MA, with operations worldwide.
About Multistate Tax Commission
The Multistate Tax Commission (MTC) is an intergovernmental state tax agency whose mission is to achieve fairness by promoting compliance and consistent tax policy and practice and to preserve the sovereignty of state and local governments over their tax systems. The MTC’s vision is to be recognized as the “gold standard” for tax policy development, the primary authority for the public and public officials on issues of state and local tax uniformity and fairness, and the leading resource for ensuring equitable tax compliance.
About Green Hasson Janks
Founded in 1953, Green Hasson Janks is a Los Angeles-based accounting firm that specializes in nonprofit, food and beverage, entertainment and media and health and wellness companies. Recipient of the Los Angeles Chamber of Commerce’s 2018 Employee Champion For Life Work Harmony Award and named a “Best Places to Work” by the Los Angeles Business Journal eight times since 2008, Green Hasson Janks is passionate about helping clients and its people #BeMore by focusing on building thriving businesses and creating a better future.
The firm works as a business advocate for its clients — providing personalized service and building long-term relationships to help position our clients for growth. Also ranked as a top-20 largest accounting firm on the Los Angeles Business Journal’s Book of Lists, the firm has 12 partners and approximately 150 staff members that serve over 3,000 clients. The firm is a member of the American Institute of Certified Public Accountants (AICPA), the AICPA Governmental Audit Quality Center (GAQC), the California Society of CPAs and the California Association of Nonprofits (CalNonprofit).
About Buckingham, Doolittle & Burroughs, LLC
Buckingham is a corporate law firm that counsels Middle Market executives and business leaders. The firm’s mission is to deliver meaningful experiences through the practice of law, exceed expectations in terms of service, counsel and business sense, and to offer continuous value to the industries, communities and clients they serve. Buckingham attorneys are known for their exceptional legal taxation knowledge, trial skills, transaction experience and overall business guidance derived from the firm’s 6 main practice groups: Business, Litigation, Employment & Labor, Real Estate & Construction, Health & Medicine and Trusts & Estates. Buckingham is business law reimagined which, put simply, is a promise to its clients that they will never settle for good enough. Visit bdblaw.com to learn more.