IS THE NEW SALES TAX RULING A THREAT TO SMALL BUSINESSES?
A recent U.S. Supreme Court ruling involving the state of South Dakota vs. Wayfair (an online furniture retailer) has created an opportunity for states to impose sales taxes on online retailers located outside their borders. This may have far-reaching effects on small businesses and consumers. Consumers may pay more, and small businesses may face challenging tax compliance issues in all 50 states. Read more here:
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