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How Merchants Navigate Tax Collection Complexity With Technology  

PYMNTS

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. And, in retail, The North Face is offering outdoorsy experiential retail in the city, while PUMA brought its first-ever North American flagship store to New York. eCommerce sales in 2020.

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Report: The Risky Business Of Navigating Online Sales Tax For Merchants

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This creates an ever-shifting sales tax landscape in which merchants and their marketplaces must stay on their toes and be ready to adjust to each new compliance change. Even SMBs in states that do offer tax exemptions may still face new compliance requirements, such as obligations to notify and report sales to residents.

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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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The Economic Case For Remote Sales Tax Uniformity

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George Isaacson has been watching the results of South Dakota v. The cost of the new taxes does not seem to be weighing businesses down, but the pain of compliance certainly is, he said. . As a result, businesses will not only have to sort through new compliance questions when filing sales taxes. .

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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. This is in opposition to the policy established in the 2018 South Dakota v.

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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.

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

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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.