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The Supreme Court’s decision in South Dakota v. Wayfair marked the end of an era for companies not charging sales tax.
Now, all companies selling products and services across state borders, via online or traditional sales, may be required to collect and remit sales tax whether or not they have a “physical presence” in the state.
The majority of states now require companies that meet a specific dollar or transaction threshold in their state to collect sales tax. Businesses with multistate sales should develop a plan, evaluating current processes for collection and future ways to address the additional compliance burden.