Two July 10 Webcasts Explore Implications of Wayfair Decision for CPA Firms and Their Clients
NEW YORK (June 25, 2018) – CPA.com and its preferred provider of sales and use tax solutions, Vertex, are offering a pair of July 10 webcasts on the impact of the Supreme Court’s major ruling Thursday on state collection of sales tax for online retailers.
In South Dakota v. Wayfair, Inc., the Supreme Court held that e-commerce companies can be required to collect sales tax, even in states where they have no physical presence. Brick-and-mortar businesses had long complained that online retailers had an unfair advantage because states’ authority to collect revenue from them was limited.
“Sales and use tax compliance is an area of growing complexity for businesses, and many will need help navigating the outcomes of the Wayfair decision,” said Erik Asgeirsson, president and CEO of CPA.com. “We saw these issues coming to a forefront several years ago, which is why we launched our program with Vertex. Companies will likely need new technologies or processes to comply with this latest ruling, and CPAs can play a key advisory role for these clients.”
The two webcasts are:
- “Navigating a Changing Sales & Use Tax Environment” – This session is aimed at CPA firms who currently help clients comply with sales and use taxes, or want to build out their services in this area.
- “Supreme Court Wayfair Decision: Now What?” – A panel of tax experts explore the court ruling from a business standpoint and discuss steps companies should be taking to maintain compliance.
“We are going to see states responding immediately and it will get even more complex for businesses as they face new rules and regulations,” said Craig Cookle, CPA, partner-in-charge of the state and local tax group for Wipfli LLP, a Top 20 accounting firm that uses the Vertex program through CPA.com. “As a trusted business advisor, there is a huge opportunity to reach out to clients, help them through the process and analyze next steps.”
To learn more about the impact of the Wayfair decision, see these FAQs from Vertex. For more information about resources for sales and use tax compliance, visit cpa.com/vertex.
About CPA.com
CPA.com is known for bringing innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus.
Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners.
A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.
