Ask the Accountant: How to stay on top of sales tax, privacy and accounting changes

Today’s Ask the Accountant questions are: What does the Wayfair decision mean for my sales taxes? Is my company prepared for the new privacy standards? What are regulators interested in when it comes to my revenue recognition adoption? Question 1: What is the Wayfair decision how will it impact my sales taxes? The Supreme Court created a monumental shift in tax policy with its recent ruling in South Dakota v. Wayfair, Inc. For more than 50 years, states have collected sales tax from...