Over the past 10 months, United States sales tax laws have changed dramatically for online sellers (both domestic and foreign) that supply customers in America.
On June 21st, 2018, the US Supreme Court discarded the physical presence requirement sales tax nexus in their landmark Wayfair ruling. Since then, we have experienced a great deal of changes to how states calculate and collect sales taxes. Many of these changes have been negative, but you may be surprised to hear that some of them are positive.
We hosted a LIVE webinar with on Tuesday May 14th at 4pm CST time (2pm pacific standard time/PST) with Michael J. Fleming from Sales Tax and More to discuss the latest updates and what you need to know as an online seller or eCommerce accountant.
Watch the LIVE RECORDING of Michael J. Fleming Wayfair Webinar below:
Michael J. Fleming
When it comes to sales tax and the curly questions that tend to arise, we often turn to Michael J. Fleming for support – his depth and breadth of sales tax knowledge is incredible. Throughout the past year, Michael has supported Amazon FBA sellers throughout the US and abroad to help them meet their tax requirements and understand how their compliance obligations are changing.
Prior to founding Sales Tax and More, Michael spent close to a decade working with a prominent accounting firm that focuses exclusively on sales tax. During this period, he became one of the country’s leading authorities on state tax issues such as nexus, dropshipping, eCommerce stores and complications that arise from using contract warehousing services such as Fulfilment by Amazon.
Michael is a prolific writer and renowned speaker, with a captive audience of digital entrepreneurs and leading eCommerce accountants that turn to him for advice. In this webinar, we will be discussing the latest information from state authorities, trends that his firm is seeing, his outlook for the future of sales tax and guidance on what to do as an Amazon/eCommerce seller.
For some sellers, there may be nothing that you are required to do – but other merchants have major changes coming up. Here are just some of the topics that we will be covering:
- What is Wayfair and how did the supreme court ruling change the playing field?
- How are the States responding?
- Is there any good news for Amazon sellers?
- What about if you sell on Shopify or your own website?
- Are states pursuing noncompliant sellers?
- What should sellers do?
- Strategies and tips for keeping compliant without paying too much sales tax.
- Where the sales tax market is trending.
Why does sales tax matter?
It all boils down to a concept called ‘nexus’ – which refers to a link or connection. In the context of sales tax, nexus involves having an economic presence in a state that requires you to register for state taxes and comply with local regulations.
Nexus can be triggered by selling products to customers who live within the state (destination-based nexus) or by storing your goods in Amazon’s FBA warehouses (physical presence nexus/origin-based). This is a broad stroke definition that covers most Amazon FBA sellers.
We provided attendees with handouts that identify all the states where marketplaces are planning to collect sales tax and whether Amazon, Etsy and eBay are complying with the laws. We also provided the most recent information on the economic nexus rules for each state where they apply.
Following on from Michael’s presentation, we hosted a Q&A session where you had a chance to gain insight into your most pressing sales tax challenges.
Thanks for coming!
This webinar was a must for all e-commerce sellers that do business in the United States – whether through Amazon, Shopify or another sales channel.
By attending this webinar, we hope that you gained insight and clarity into what these changes mean for you and where your business fits into the bigger picture.
You can re-watch the LIVE RECORDING of the webinar here.