Last time we talked about State and Local Taxes, Joe Popp and Scott Zielaskiewicz were our guests and we were waiting for the Supreme Court to rule on the monumental South Dakota v. Wayfair case. Well, in case you haven’t heard, the decision has been made and South Dakota came up victorious.

Joe Popp, Rea’s SALTiest Tax Ninja, is back with host, Dave Cain to talk about what this means for your business and what you need to do today to prepare for the massive changes that are about to take place as a result of this outcome.

What does Wayfair Mean?

As we wrote in our blog post, New Nexus Rules To Result From Monumental South Dakota vs Wayfair Case, the Wayfair case has a relatively simple message: “if you really make use of the marketplace in a state, you should comply with their sales tax laws.” This replaces the basic message of the case it overturned, Quill, which was “if you don’t have physical presence in a state, then you shouldn’t have to comply with that state’s sales tax laws.”

Basically, a business’ physical presence isn’t required for a state to tax them – participation in the marketplace may be enough.

If your business sells anything in multiple states, online or otherwise, you will be interested in these other topics discussed in this episode:

• What does South Dakota v. Wayfair mean for business owners today (and what it may mean in the near future)?
• What do business owners need to do now that the Supreme Court has ruled on the South Dakota v. Wayfair case?
• How Wayfair may affect selling a business.

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