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North Carolina Online Retailer Sues Accounting Firm Over Failure to Advise on Wayfair Nexus

  • North Carolina-based online retailer Eden Brothers filed a complaint against their tax advisory firm for professional negligence
  • The dispute is over the firm’s failure to advise on sales tax obligations after the 2018 Wayfair vs. South Dakota decision
  • The company ultimately paid $2 million in unpaid tax liabilities to 39 states
  • The complaint includes claims of breach of contract, violations of professional standards, professional negligence, and breach of fiduciary duty
  • The case is currently in the pre-trial process in North Carolina Business Court
  • Compliance with sales tax laws in multiple states can be complex and challenging for online retailers and their accountants
  • Keeping up with the constantly changing sales tax landscape can be difficult even for specialists in the field.

Source: salestaxinstitute.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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