One U.S. Supreme Court decision completely shook the landscape for sales tax collection for all types of businesses and industries throughout the world. Now it is up to business owners to understand the new rules of the road and to become compliant with each state’s requirements.
The Wayfair decision will have an impact on every nonprofit organization across the U.S., ranging from increased costs for services to a greater need for due diligence. Though nonprofits are exempt from paying sales tax on goods used in their operations, they may now have to collect taxes on goods and services sold to the organization’s target customers.
Effective January 1, 2018, the Florida Department of Revenue has reduced the sales tax on the total renting, leasing, letting or granting a license to