Remove Compliance Remove Management Remove South Dakota
article thumbnail

Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Such a levy was not legal until last year’s South Dakota v. Inside South Dakota v. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements. ruling and returned the Wayfair decision to the South Dakota Supreme Court.

article thumbnail

What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Economic nexus and marketplace facilitator tax policies rolled out following the 2018 South Dakota v. Wayfair ruling have made tax compliance challenges highly visible. Struggles to understand and fulfill tax obligations are not new — states have worked for decades to manage these compliance difficulties.

Taxes 141
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. The latest Next-Gen Sales Tax Tracker explores the complexities and challenges of compliance for different business models. Mathradas characterized this challenge as a data management issue.

Taxes 129
article thumbnail

How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

In Rapid City, South Dakota, for example, MED5 Federal Credit Union (MED5 FCU) launched an upgraded website after collaborating with the FinTech OMNICOMMANDER , which works to provide CUs with a variety of online tools, including web design, social media and marketing services. AML Compliance Turns CUs Into Law Enforcement.

article thumbnail

SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

While doing so may be more cost-effective than hiring a big-time accounting and consulting firm, there are inevitable points in the accounting process that cannot be managed with automated software alone, meaning small business owners must take on the burden of figuring out complex processes that even CPAs can struggle to manage.

Taxes 193
article thumbnail

Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Aftershocks from the South Dakota v. Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. To date 43 states and Washington, D.C. Implementation.

Taxes 130
article thumbnail

As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

Seismic change in tax policy came last year in the form of a ruling from the Supreme Court, through the case captioned South Dakota v. While this could be seen as a relief to sellers, in an omnichannel environment, the data management required to navigate these marketplace laws is complex.

Taxes 116