Sales & Use Tax
With all of the talk about the history-making Wayfair Inc. case and its impact on sales and use tax, accounts payable professionals are asking "How does this affect AP operations and what do we need to do going forward?" IOFM talked to tax expert, Diane Yetter, President of the Sales Tax Institute and frequent IOFM presenter, to learn more about this case and determine what actions need to be taken and when.
On June 21, 2018,… Read More
If a business sells taxable goods online—also known as marketplace or FBA-style selling (fulfilled by Amazon)—24 states are now participating in a program that may forgive back sales taxes, interest and penalties if sellers haven’t collected and remitted tax in states where they should have. The program runs from August 16 through November 1 (an extension from the original deadline of October 17), so there’s not much time to… Read More