The Post-Wayfair Online Sales Tax Scramble

At Poshmark’s annual fashion conference in October, the online marketplace’s sellers were still mulling the Supreme Court’s decision in South Dakota v. Wayfair Inc., which cleared the way for states to start collecting sales tax for online orders even if the seller didn’t have a physical presence in the state. Large retailers with significant online sales around the country had already begun to update and modify their sales tax software, but smaller sellers without that kind of administrative infrastructure were still trying to figure out how to proceed. “They were asking, ‘What are you going to do in terms of supporting us?’” said Poshmark chief executive officer Manish Chandra in an interview with WWD. On Thursday, the company answered them with a new online service labeled Posh Remit, which calculates, collects and remits state and local taxes for sales made through its platform. That includes the 46 states that collect such taxes — a handful of states including Oregon, Montana and New Hampshire do not impose state sales taxes. Posh Remit joins Poshmark’s host of services that facilitate sales and deliveries on its platform, such as Posh Post, which provides sellers with pre-paid shipping labels, and Posh Pay, which helps

Follow WWD on Twitter or become a fan on Facebook.

Read More...

from WWDWWD https://ift.tt/2FHG6WL