The Wayfair Decision and What It Means for Small Businesses

©iStock/wutwhanfoto

The rise of e-commerce platforms and online marketplaces has radically changed the expectations that buyers have when it comes to shopping, leading to a steady decline in traditional retail shopping, and an uptick in online commerce. As a result of these shifts, we all now live and operate in an increasingly digital economy.

Now, bring in the Wayfair decision that has changed the landscape of state sales tax and made compliance much more difficult for all sizes of businesses.  Not familiar with the June 21, 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair?  Get background info here.
 
Learn how the case compelled businesses to adopt digital solutions to address not only their sales tax needs but other tax reporting obligations as well.