A CPA always needs to be updated regarding managing compliance processes and tracking trends in the sales tax compliance environment. The following is a summary:
1) Potential National Legislation on Remote Sales
2) Potential US Supreme Court Action on Remote Sales
3) The States Tax Collection Obligation
The question that always arises is where are you obligated to collect sales tax?
1) Nexus: the legal connection that triggers an obligation to collect sales tax
2) The proposed legislation and potential court decisions that may come will not affect your obligation to collect sales tax in those states
There are three versions submitted or in draft for potential congressional action
1) Marketplace Fairness Act of 2015
2) Remote Transactions Parity Act of 2015
3) Online Sales Simplification Act( Draft only)
The future for all businesses will be the request for the desire for clarity and predictability for sales tax collection.