A recent Supreme Court decision has kept online retailers and states on their toes.
“Reversing decades of precedent, the U.S. Supreme Court finally upheld a requirement that retailers withhold and remit sales taxes for purchases made by customers in states in which the retailers have no physical presence,” writes Rich Molina, CPA, in the September/October issue of CPA Voice.
The retailers in South Dakota v. Wayfair challenged a law enacted by South Dakota’s legislature that would require them to collect sales taxes from South Dakota residents and to remit the taxes to the state. The new statute was enacted as a calculated attempt by the state to challenge decades of settled precedent, a calculation that paid off, Molina writes.
Read the article now to learn about the court’s reasoning and how this could affect online businesses in the future.
Don’t miss this convenient, self-study CPE
Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even without the benefit of electricity – you can gain CPE credit with each issue.
Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.
Best of all, you can take the exam when and where it’s convenient for you, either online or by mail. Exams remain available online – and may be completed for CPE – through the same month of the following year.
September/October 2018 exam