Since the Supreme Court opinion in South Dakota v. Wayfair that changed the way states can interpret sales tax collection requirements from remote sellers, online merchants face new sales tax collection requirements in nearly 11,000 local sales tax jurisdictions.
Because the high court cannot write legislation that sets policy for all states, each state can enact sales tax laws they believe are in agreement with the bounds of the opinion the court issues in South Dakota v. Wayfair.
While other legal challenges may occur or the US Congress may enact federal legislation that simplifies the process and sales tax requirement, it leaves online merchants with a confusing sales tax landscape.
How complicated has it become? Business owners can try the QuickBooks Sales Tax Calculator and see for themselves the regulatory impact this has on their business.
QuickBooks Sales Tax
To solve this problem, QuickBooks, the most popular small business accounting software for small businesses in the US, launched a product called QuickBooks Sales Tax.
A Key feature of QuickBooks Sales Tax is that it tracks and automatically updates all the rules and rates according to every change by the states.
With QuickBooks Sales Tax business owners can produce the right rate for every transaction, from calculation through filing. This reduces the risk of errors and minimizes the likelihood of a sales tax notice or audit.
The best part of QuickBooks Sales Tax is that it fully integrates with the accounting software most small businesses use today.
This provides business owners with a familiar user interface and avoids potentially complicated third-party sales tax software workflow integration issues.
READ MORE: eSellerCafe Online Sales Tax Guide
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