Question

In: Accounting

When does SBD need to implement Wayfair? That is, when are states expecting Companies to register...

When does SBD need to implement Wayfair? That is, when are states expecting Companies to register for sales tax after Wayfair? Which Jurisdictions are highest priority to SBD. Should SBD start collecting and remitting sales tax in all 50 states?

Solutions

Expert Solution

SDB needs to implement Wayfair as per July,1 ,2018 which applies to tax years beginning after 31st Dec 2017 as per the ruling on June 21st 2018.

There are 32 states which are a part of SSUTA that SDB can collect and remit sales tax from-

  • Preexisting prior to Wayfair: Pennsylvania & Rhode Island (both give retailers a choice between collecting tax or complying with notice-and-reporting laws)
  • July 1, 2018: Colorado (notice-and-reporting only), Hawaii, Maine, Oklahoma, Tennessee, Vermont
  • September 1, 2018: Mississippi
  • October 1, 2018: Alabama, Illinois, Indiana, Kentucky, Michigan, Minnesota, New Jersey, North Dakota, Washington, Wisconsin
  • November 1, 2018: North Carolina
  • December 1, 2018: Connecticut
  • January 1, 2019: Georgia, Iowa, Louisiana, Nebraska, Utah
  • Not yet formalized: Maryland, Nevada, South Carolina, Wyoming
  • In litigation: Massachusetts, Ohio, South Dakota

information source: taxfoundation.org

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Enlist the Corporations upon which the Companies Ordinance does not apply. Describe the obligation to register...
Enlist the Corporations upon which the Companies Ordinance does not apply. Describe the obligation to register certain Associations, Partnerships as Companies; also mention exceptions, if any.
In your opinion, does the Total Cost of Ownership incurred by companies that implement AI meet...
In your opinion, does the Total Cost of Ownership incurred by companies that implement AI meet the needs of implementing information systems? Give advice on cost and benefit analysis for organizations/companies in adopting information systems.
Companies utilizing technology need to develop and select and implement hardware (server, computer, routers, etc.). Please...
Companies utilizing technology need to develop and select and implement hardware (server, computer, routers, etc.). Please complete a 500-word paper on your thoughts about how Hardware Management Plans are used. Explain what a hardware plan is. What role does that plan play into planning, control, coordination, and decision-making n business today? How will this hardware plan help a company succeed?
When does a corporation need a board of directors?
When does a corporation need a board of directors?
The head nurse at Regions Hospital is expecting to implement a new human-technology interface system that...
The head nurse at Regions Hospital is expecting to implement a new human-technology interface system that will expedite admissions for patients arriving by ambulance. This technology will involve scanning the barcode on the patient's driver's license while at the scene and electronically sending the personal data to the receiving emergency department. Choose a method to implement this technology. Write out the steps (what is needed? look at the phases of system life cycle).
Write a memo that addresses a new norm or protocol, such as the need to register...
Write a memo that addresses a new norm or protocol, such as the need to register with a new company that will be handling all the organization’s business-related travel, with specific expectations including what information is needed, when, and to whom.
Q2) In order for a student to register for courses at UHV, a student need to...
Q2) In order for a student to register for courses at UHV, a student need to login in to the system, search for classes, select certain classes and submit his/her request. Create a sequence diagram for that. Q3) Create a UML class diagram for the following description, your UML should show associations with cardinality; generalizations if any. Each class should at least have two attributes. (hint: the easiest way to identify classes is to look for nouns) E-gaming Store: An...
When a merger does not integrate the two companies’ operations, it is called a _________________.
When a merger does not integrate the two companies’ operations, it is called a _________________.
A lot of companies have employees in multiple states. What additional issues does that create in...
A lot of companies have employees in multiple states. What additional issues does that create in the payroll system?
What does the United States still need to learn in order to create policies that will...
What does the United States still need to learn in order to create policies that will prevent future terrorists threats?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT