Just because we made it past April 15th doesn’t mean we’re going to stop talking about taxes. In fact, every time we think we have a handle on one thing, another tax concern leaves us scratching our heads and dipping into our pockets – and right now, state taxes are leaving our heads scratched raw and our pockets a little light. Now that “Wayfair” is the law of the land, states continue to seek out additional sources of revenue, but perhaps the biggest area of focus has to do with sales tax.

Joining us on this episode of unsuitable on Rea Radio is Joe Popp, a principal with the firm and director of state and local tax services. Joe’s going to tell us what businesses should be doing to protect themselves from the state’s new taxation initiative.

Welcome to Crazy Town

Wayfair is, as our host Dave Cain describes it, “crazy town.” Now that states have implemented some version of Wayfair, they’re looking at creating anti-avoidance rules that prevent businesses from taking advantage of loopholes to avoid taxation in a state (like splitting a business into two so that revenue falls below a certain threshold). But here’s where it starts getting crazy – states are farming out their state tax audits on a contingent fee! We’re in for a wild ride in 2019 as we see how this all shakes out.

If you are operating a business inside of the United States, especially a small business, you will be interested in these other topics discussed in this episode:

• Beyond Crazy Town – Massachusetts’ daily sales tax reporting
• What you need to know about selling in an online marketplaces
• What should a small business do right now to make sure they aren’t at risk?

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