fbpx

< Back to Thought Leadership

Supreme Court Ruling Allows States To Collect Sales Taxes Without Physical Presence

On Thursday, June 21, 2018, the Supreme Court of the United States ruled in favor of South Dakota in the case of South Dakota v. Wayfair, Inc. The impact of this ruling is to remove the requirement that a company must have a physical presence in a state to be required to collect sales or use tax.

The standard for collection will now shift to collecting tax from those with a substantial nexus in a state, which can be established through a substantial economic presence. It remains to be seen as to what level of economic activity will constitute a substantial presence. The definition of substantial economic presence will revolve around the laws of individual states and future court decisions.

We will keep you up to date as developments and guidance are released.

In the meantime, if you have questions, please contact your local Blue & Co. advisor.

 

Tax Reform Resource Center

Read More Thought Leadership Articles Like what you read? Subscribe to our newsletter. Click Here.

 

In the Chair with Industry Leaders - A Blue & Co., Dental & Veterinarian Series | Video title card showing a vet evaluating a dog on an exam table

In the Chair with Industry Leaders: A Blue & Co. Series – Episode 2

In our second episode of In the Chair with Industry Leaders, we start with two seasoned veterans in the veterinarian community, Thad Miller with DVMmatch and Bill Butler with Butler […]

Learn More
Filing Medicare Bad Debt Listings With Medicare Advantage Plans | Medicare Advantage Plans | doctor with stethoscope standing in front of computer monitors

Filing Medicare Bad Debt Listings With Medicare Advantage Plans

Are you maximizing your reimbursement potential with Medicare Advantage (MA) plans? Many healthcare providers are unaware that they can file bad debt listings for additional reimbursement. The key lies in […]

Learn More
real estate dealer

Real Estate Dealer vs. Investor: Why the IRS Cares (and You Should Too)

By: Nathan Smith, CPA, Senior Manager at Blue & Co. “You can’t have it both ways” is a sentence many CPAs may have expressed to their clients at one time […]

Learn More