After the landmark case regarding South Dakota vs. Wayfair 2018
, states are rapidly changing their sales tax laws and it is important to note that this does not only affect online retailers. Not only must businesses keep up with the ever-changing requirements for filing in various states, but they must also determine taxability based on laws which vary from state to state. Businesses must ensure their processes are able to keep up with these changes, including purchasing, invoicing, collection, and remittance of both state and local sales and use taxes. Click here
for more information on Wayfair
McKonly & Asbury’s SALT Group specializes in post-Wayfair analysis, and can provide peace-of-mind that your business is sales tax compliant. We are able to assist in all aspects of sales and use tax, by establishing business compliance while avoiding state penalties through voluntary disclosures; as well as determining taxability by working alongside your employees and software providers to ensure tax will be remitted correctly going forward to avoid costly audits. Being closely involved in the process also allows us to identify any potential refunds that could be claimed in states where you are already remitting sales and use tax.
In addition to sales and use tax, McKonly & Asbury’s SALT Group consults related to:
- Corporate and Pass-through Income
- Abandoned and Unclaimed Property
- Local Business Privilege Taxes