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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,

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Friday Footnotes: PwC’s Turn For a Probe; Accounting Professor Does a Naughty; The IRS is Hiring | 3.11.22

Going Concern

SEC’s Top Accountant Warns of Bias Against Big Restatements [ Bloomberg Tax ] The SEC’s top accountant Wednesday questioned arguments used to justify stealth revisions to fix accounting errors, warning that companies and their auditors may be biased in making assessments to determine how to correct the mistakes.

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