The Challenge of New Sales Tax Laws on Small Businesses
Being a small business can come with its challenges and a lot is on the horizon when it comes to changes for us, especially with the decision of South Dakota vs. Wayfair. This decision requires businesses to collect South Dakota sales tax if they sold either 200 separate sales or $100,000 worth into the state. And this decision marked a big change for ecommerce businesses like ours as it was just the beginning and more and more states are coming on board with new requirements to collect sales tax. In fact there are 45 states and Washington D.C. collecting sales tax, and each state is starting to enact their own policies towards collecting ecommerce sales tax. OPB came by to get our take on how the new sales tax laws are affecting small businesses like us.