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Mitigating Wayfair's Compliance Burden: Strategies to Reduce Registration and Reporting Requirements

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Thursday, September 14, 2023

Recorded event now available

or call 1-800-926-7926

This webinar will review the effect of Wayfair on state requirements for registering, reporting, and remitting sales tax. Our panel of sales and use tax experts will point out ways to reduce the number of filing jurisdictions and provide cost-effective strategies to mitigate taxes paid.

Description

The landscape of sales tax has changed dramatically after South Dakota v. Wayfair. The Wayfair decision abolished the precedent that required a physical presence in a state before sales tax could assess tax. Every state that imposes a sales tax has modified its rules as a result of Wayfair, and every state has different sales tax requirements. This compliance burden can be overwhelming for companies operating in multiple states.

Determining whether a business has nexus in a particular state is complex. In Texas, for example, the reporting threshold is $500,000 and 100 transactions, while Oregon has no state sales tax. Many businesses are unaware that they have a filing or reporting obligation. To combat these oversights, states offer amnesty programs and voluntary disclosure agreements to facilitate compliance. However, determining when to come forward can be challenging.

Tax practitioners working with multistate businesses must understand how to mitigate jurisdictional taxes paid and reduce the compliance burden for companies struggling to comply.

Listen as our panel of sales and use tax experts discusses planning for sales tax compliance after Wayfair.

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Outline

  1. Mitigating the compliance burden of Wayfair
  2. Planning for state registrations
  3. Methods to reduce jurisdictional filing obligations
  4. Evaluating amnesty and voluntary disclosure agreements
  5. Remote seller rules
  6. Cost-effective sales tax strategies
  7. Outsourcing the sales and use tax compliance function

Benefits

The panel will review these and other complex issues:

  • Special remote seller rules that simplify sales tax compliance in certain jurisdictions
  • Evaluating whether to file a voluntary disclosure agreement in particular states
  • Cost-effective strategies to lower a company's overall sales tax burden
  • Planning strategies for sales tax registration
  • The effect of Wayfair on sales tax compliance

Faculty

Scott Billadeau
Scott Billadeau

President
DSTax

Mr. Billadeau is the President of DSTax, LLC and its sister companies, DSTax Technology, LLC and DSTax Compliance, LLC....  |  Read More

Pounds, Chris
Chris Pounds

Principal
DSTax

Mr. Pounds began his career preparing sales and use tax returns for clients at a compliance boutique firm before...  |  Read More

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