The Supreme Court’s ruling on the Wayfair case in late June has sent reverberations across the states. As an accounting professional, you likely have clients that sell online or through a marketplace and across state lines. Or maybe you are a controller or finance professional responsible for your company’s sales tax processes. The recent Supreme Court ruling on the South Dakota v. Wayfair case, although decided in favor of South Dakota, may not have cleared up all of your questions on changes in tax rules. This decision grants the state authority to impose sales tax obligations on out-of-state transactions even if physical presence doesn’t exist in the state of delivery. So what happens now?
Key topics covered during this session:
• Information you will need to gather to evaluate the requirement to collect tax in different states
• How states differ in their provisions and authority
• The impact of the Wayfair decision to businesses other than just online sellers
• What marketplace facilitator tax collection means and the impact on your clients who are remote sellers
• When notice and reporting provisions will still apply
• Additional information that will help you advise your clients
Join sales tax expert Diane Yetter of the Sales Tax Institute and Yetter Tax to get updates to what has changed in the last 5 weeks. Learn what this ruling means for clients and how you can best advise them to adapt to the new rules.
Diane L. Yetter is a strategist, advisor, speaker and author in the field of sales and use tax. She is president and founder of YETTER, a sales tax consulting and tax technology firm. She is also the founder of The Sales Tax Institute, which offers live and online courses to educate business professionals about sales and use tax.
Diane works with clients of all sizes and in myriad industries to deliver sales tax services ranging from tax technology to tax policy and planning and training. She also regularly partners with other advisors to help them serve their clients. Prior to founding the company in 1996, Diane was a tax professional for Arthur Andersen, Quaker Oats and the Kansas Department of Revenue.
Diane is a member of many tax organizations and is frequently asked to present to industry groups concerning sales and use tax issues on a local, state and national level. As an author, Diane has published three books and numerous articles concerning sales and use tax issues. She also is the author of the US Sales Tax Chapter for the IBFD VAT Worldwide Research Database. Diane was named one of Accounting Today’s Top 100 Most Influential People in Accounting for 2011, 2012 and 2017. Her twitter handle, @salestaxinst is one of Forbes Top 100 Tax Twitter Handles for 2018 and @yettertax is in the Accounting Top100 social media leaders.
Diane earned a BS in accounting and business administration from the University of Kansas in 1985 and an MS in taxation from DePaul University in 1994. Diane serves on the KU Endowment Association’s Board of Trustees and serves as Past Chair of the Dean’s Board of Advisors, University of Kansas School of Business where she is also an adjunct professor, teaching topics on state and local taxation and entrepreneurship.