Americans are used to hearing the refrain “we pay the sales tax” in today’s advertising campaigns, but in the wake of the United States Supreme Court’s ruling in South Dakota v. Wayfair (June 2018), the phrase “you pay the sales tax,” may be what many small business sellers will hear instead in future audits of their business operations. Here is what ecommerce businesses need to know moving forward.
John E. Hayashi is a Managing Director, Tax at BPM and a leader of the firm’s SALT Group. With more than 26 years of SALT experience, John specializes in multi-state sales and use taxes. Prior to joining BPM, he co-founded Thompson Tax & Associates, LLC after working at Big 4 accounting firms and in banking.