States and local jurisdictions have many different rules on how goods and services should be taxed which makes it difficult for businesses to evaluate and manage tax reporting requirements. In addition to understanding and managing tax obligations, taxability rules change frequently and staying on top of these changes can be cumbersome. States and local jurisdictions can also change their tax rates occasionally so ensuring that you are reporting the correct tax liability is essential. In June 2018, the Supreme Court ruled in favor of the state in the case of South Dakota v. Wayfair, Inc. which resulted in a major change for remote sellers where physical presence was no longer necessary to create nexus in determining registration requirements. Since the ruling in South Dakota v. Wayfair, remote sellers no longer need to have physical presence and registration is more dependent on economic nexus requirements which is driven based on a dollar threshold of gross sales into a particular jurisdiction or number of transactions. This has created greater complexity for businesses in terms of determining requirements, tracking and record keeping. So how do you stay on top of all these transactional tax requirements?

KGM Global, LLC can help you through this journey and assist you in being and staying compliant with sales and use tax laws and regulations, minimize tax exposures, and identify savings opportunities. Below are some of the indirect tax solutions we offer to help you manage your sales and use tax responsibilities: