It has been over three years since the Wayfair online sales tax decision, and all states with a general sales tax have implemented some sort of economic nexus law. If they’re not prepared, retailers, especially those without a dedicated accounting department, can be caught off guard by the additional online sales tax responsibilities days like Cyber Monday can bring. Keep reading to learn more about how Wayfair laws affect Cyber Monday and the negative side effects online holiday shopping can have on small retailers.
Source: taxconnections.com
