How Does Wayfair Impact Companies?
February 21, 2020
Selling over the internet means you need to know the concept of Nexus.
It's also important to remember that just like companies are struggling, states are still struggling as well with how they're going to implement the Wayfair decision and their economic Nexus provisions. They've been flooded with new registrations as well as trying to struggle with how they're going to interpret a lot of the nuances of economic Nexus and their thresholds. For instance, what is defined as a separate transaction? Is it a monthly recurring charge for a subscription or is it just the one time contract if it's an annual fee. Things such as that still have yet to be resolved in many cases.