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

PYMNTS

Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. . Such a levy was not legal until last year’s South Dakota v. Inside South Dakota v. ruling and returned the Wayfair decision to the South Dakota Supreme Court.

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TaxCloud Announces New Stripe Integration

PYMNTS

The move means that users of Stripe’s payments platform can now connect to TaxCloud to manage their U.S. Since the Supreme Court issued its opinion in South Dakota v. Wayfair last year, many online retailers now have to collect sales tax in additional states.

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The news comes as the first Amazon Fresh opened , with the eCommerce retailer providing access to the general public to the Los Angeles store in September. As it stands, 69 SpartanNash stores in Wisconsin, South Dakota, North Dakota, Nebraska, Minnesota and Michigan provide the Fast Lane offering.

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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. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states.

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How Online Sales Tax Impacts Different eCommerce Models

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Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. Mathradas characterized this challenge as a data management issue. and globally.

Taxes 129
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SMB Tax Complexity Preserves Role For The Human Accountant

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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
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Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama. Overstocking costs retailers about $470 billion annually, according to one of the most recent estimates. Wisconsin, Iowa and Ohio, which are heavy manufacturing states, will be the hardest hit.

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