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Streamlining Use Tax Calculation: Are You Ready for the Marketplace Fairness Act?

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The subject of Use Tax calculation has been a topic of much concern and discussion over recent months. One reason is the Marketplace Fairness Act — which is pending approval by the US Congress — that will require state governments to collect sales taxes and use taxes from online retailers with no physical presence in their state. Changing State of Legislation Currently, 45 states and the District of Columbia have a sales tax. Consumers in those states are expected to report their online purchases and pay sales taxes on them each year. In reality, that rarely happens. As a result, … Continue reading