General Inquiries

State Taxes: S.Dakota vs. Wayfair

  • 1.  State Taxes: S.Dakota vs. Wayfair

    Posted 11 days ago
    We have been advised of state-tax changes in 2019 -- affecting all 50 states -- as it relates to state taxes charged/paid by buyers/sellers as influenced by the popular supreme court ruling in the case of South Dakota vs. Wayfair.

    We were wondering how our CFMA group is handling both their billing and paying of state taxes in 2019 versus prior years.

    A&A Machinery has two entities: A&A Machinery Moving (moving/rigging jobs/projects, equipment rentals etc), and A&A Machinery Sales (machinery/equipment purchases and re-sales, online sales, out-of-state plant buyouts and sales, etc), and we are just looking into keeping up with state tax compliance throughout the country.

    Any advise or suggestions or anything in general to share on this topic would be much appreciated.

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    Michael Bittle
    A&A Machinery Moving, Inc.
    Morrisville PA
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  • 2.  RE: State Taxes: S.Dakota vs. Wayfair

    Posted 10 days ago

    Michael,

    To date, 34 states have already adopted some form of Wayfair nexus.  We expect the remaining 12 to follow suit soon.  Any entity with an online presence should be paying attention to this, especially those selling tangible items.  Each state varies to some degree on the economic nexus thresholds but many are revenue of $100,000 or 200 transactions.  The revenue is gross revenue in most cases, not taxable revenue.  It's somewhat of a two-step process to evaluate;  1. Are the nexus thresholds being exceeded, and 2. Are the sales taxable.  Based on this analysis, a company can determine where they should register and begin collecting and remitting sales tax.  I am happy to discuss the nuances in more detail with anyone that wants to spend a few minutes on it.  We have done numerous analysis for nexus, taxability and can assist with registrations and compliance solutions also.

     

    Thanks,

     

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    Kristen Scherer

    Senior Tax Manager | Moss Adams

    State and Local Tax

     

    13727 Noel Rd, Ste 300

    Dallas, Texas 75240

    D

    (972) 458-3710

    T

    (972) 458-2296

    (214) 926-6300

    (972) 788-4943

     

     


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  • 3.  RE: State Taxes: S.Dakota vs. Wayfair

    Posted 10 days ago

    Also, here is a current graphic if you are a visual person!  This is current and was posted this week by Moss Adams:

     

    Understanding State Nexus Changes Post-Wayfair

     

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    Kristen Scherer

    Senior Tax Manager | Moss Adams

    State and Local Tax

     

    13727 Noel Rd, Ste 300

    Dallas, Texas 75240

    D

    (972) 458-3710

    T

    (972) 458-2296

    (214) 926-6300

    (972) 788-4943

     

     


    CONFIDENTIALITY NOTICE
    This e-mail and any attachments are for the sole use of the intended recipients and contain information that may be confidential or legally privileged. If you have received this e-mail in error, please notify the sender by reply e-mail and delete the message. Any disclosure, copying, distribution, or use of this communication by someone other than the intended recipient is prohibited.