Mi9 Retail Delivers Tax Compliant Solution for Online Retailers Who Must Now Collect Sales Taxes
MIAMI, June 29, 2018 /PRNewswire/ -- Mi9 Retail, a leading global supplier of omni-channel retail software, today announced that its e-commerce solution is ready to support the legislative changes determined by the United States Supreme Court ruling, South Dakota v. Wayfair, on tax compliance requirements for online retailers. Mi9 Retail business partner Avalara delivers tax compliant solutions integrated with Mi9 e-Commerce that allow retailers to manage compliance in the face of ever-changing tax regulations. The Mi9 e-commerce solution also natively supports the tax parameters needed for online merchants when the new ruling is enforced.
Last week, the United States Supreme Court ruled in a 5-4 vote in favor of South Dakota that out-of-state sellers, including online retailers, will be required to collect sales taxes if their business meets certain economic thresholds within the state. The court overturns a 1992 ruling, which required companies to have a physical presence in a state in order for the state to require them to collect sales tax.
After the U.S. Supreme Court ruling, Matthew Shay, National Retail Federation president and CEO, issued the following statement: "This ruling clears the way for a fair and level playing field where all retailers compete under the same sales tax rules whether they sell merchandise online, in-store or both."
Neil Moses, CEO of Mi9 Retail also reacted favorably to the news and said: "The sales tax ruling will reinvigorate the retail industry, and we're very excited by the new window of opportunity this will open up for brick-and-mortar retailers." He added that "investing in a sales tax automation solution that can easily be configured at the local, regional, and international levels will eliminate the compliance headaches, trim business costs, and reduce business risks."
About Mi9 Retail
Mi9 Retail is the fastest growing provider of enterprise software for retailers, wholesalers, and brands. Mi9 enables the world's leading retailers to automate and optimize their entire Plan-to-Sell(TM) process, from planning to executing, influencing, and selling merchandise in-store, online, and on any device. Mi9 corporate retail systems facilitate better planning, master data management, allocation, and replenishment, and Mi9 customer engagement and point-of-purchase systems boost revenue across digital and brick-and-mortar channels. Our solutions are connected via a common analytics framework that serves as the foundation of the system and speeds time to insight with role-based dashboards, KPIs, and governed self-service data discovery. Mi9 Retail is committed to helping retailers on their path to success, so they can maximize revenue and customer engagement while minimizing costs. Visit www.mi9retail.com to learn more.
Mi9 Retail, the Mi9 Retail logo, JustEnough, and Plan-to-Sell are trademarks of Mi9 Retail, Inc. All other trademarks referenced are the property of their respective owners.
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SOURCE Mi9 Retail
