Confusion has been swirling after the recent U.S. Supreme Court ruling on South Dakota v. Wayfair, Inc. (Wayfair). Guest Ken Taylor joins host Damien Martin to break down this landmark decision, clear up misconceptions and explain the potential effects on businesses large and small.

TIME STAMPS OF WHAT'S COVERED

• [1:26] The significance of the U.S. Supreme Court decision in Wayfair
• [8:44] Nexus?
• [12:14] A lot has changed since Quill Corp. v. North Dakota, 504 U.S. 298 (1992)
• [15:07] The difficult business decision
• [18:30] You need good information to comply with sales and use tax rules
• [21:15] What Wayfair means for purchasers
• [23:32] Now is the time make changes to your systems and processes
• [26:00] Failing to properly address sales and use taxes can affect mergers and acquisitions
• [29:54] Advice for businesses and their owners in responding to Wayfair
• [34:51] What happens if you wait to comply?
• [38:21] That's a lot to consider, and you need perspective

BIO FOR GUEST

Ken Taylor is a senior managing consultant in BKD's State & Local Tax Services (SALT) division. He provides indirect tax consulting services to both public and private companies, including facilitation of automating sales/use tax compliance, technical assistance and research, audit defense, opinion memos, due diligence reviews for purchasers, identification and recovery of overpayments and sales/use tax function effectiveness reviews.

Connect with Ken on LinkedIn

ADDITIONAL RESOURCES

Background article: U.S. Supreme Court to Review Nexus for Sales Tax

Article: Quill Is Overturned – A New Era in Economic Nexus for Sales Tax

Webinar: What Does the Wayfair Ruling Mean for Your Organization?

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