In an article published recently by Hypepotamus, Brian Sengson discusses what the South Dakota v. Wayfair ruling means for online retailers and technology companies. Now that the physical presence rule has changed, SaaS companies are especially at risk due to their cloud accessibility and monthly pricing models. In addition, the invoice sales tax will be a burden for companies that avoided it in the past by claiming the software – not the product – as its service.
“Wayfair is a landmark ruling for e-commerce, online or remote sellers, with far-reaching implications. Wayfair alters the sales tax landscape, creating uncertainty for companies at all stages,” says Sengson. View the full article here.