Economic Nexus by State Following South Dakota v. Wayfair
The decision of South Dakota v. Wayfair is causing states to enforce economic nexus laws to collect sales…
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Following the South Dakota v. Wayfair decision, our client needed to evaluate which states they owed sales and use tax. Our State and Local Tax Services Group performed a nexus review to look into sales in each state against state thresholds and determine liabilities in each of the states. Our team identified that the company needed to register in 30 states to avoid a large tax liability for non-compliance.
A manufacturing client discovered that they had economic nexus in multiple states following the South Dakota v. Wayfair decision. Our State and Local Tax Services Group came in and performed an exempt certificate analysis, looking at sales in each state to determine which customers were exempt and then asking for exemption certificates. After obtaining and applying the exemption certificates to customer accounts, we were able to help cut their multi-million sales and use tax liability in half.
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