June 28, 2018/Furniture Insights
June 2018 Furniture Insights
Numbers from the Spring 2018 Market showed a surprising and encouraging 15% increase in new orders from April 2017 to April 2018, with 79% of participants reporting order increases.
Decision Made in Major Sales Tax Ruling
The Supreme Court ruled today, June 21, 2018, in the case of South Dakota v. Wayfair that states may collect sales tax from businesses that do not have a physical presence in their state. This effectively reverses a 40-year-old decision (Quill Corp v. North Dakota) that held that a taxpayer had to have a physical presence in a state in order to be required by a state to collect and remit sales tax. We will provide further updates as more information becomes available.