![]() Since then, the business’s compliance costs-including engaging legal experts and technical staff-have added up to another $275,000 to track and pay proliferating obligations. The Court’s ruling predicted that the technical capabilities to deal with myriad tax laws would soon be in place at reasonable cost but in 2018 alone, Littleton invested $225,000 to buy approved software to monitor its new tax liabilities. Wayfair decision that such firms would henceforth have to pay sales taxes on transactions that they made in states where they weren’t physically present, Littleton Coin found itself potentially liable for levies in more than 12,000 state and local jurisdictions-“all with different laws, tax rates, filing processes, websites, registrations, product classifications, and exemptions,” CEO John Hennessey told a congressional hearing last June. ![]() After the Supreme Court ruled in its 2018 South Dakota v. ![]() ![]() A small, employee-owned New Hampshire outfit, Littleton Coin Company, sells currency through its website to collectors. ![]()
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