With recent Marketplace Facilitator laws being enacted throughout the United States as a result of the landmark Supreme Court decision in Wayfair v. South Dakota, we wanted to share with you the thoughtful steps we are taking to make complying with these new laws as painless as possible for you.
It’s no secret that tax laws in the United States were already complex and these new regulations only add to that complexity. Whether you’re a 501(c)(3) or a for-profit organization, understanding your tax obligations can be overwhelming.
Rest assured, haku has been diligently working with our tax and legal advisors to understand our responsibilities and how the products and services you sell throughout our platform can and should be taxed and how those funds should be distributed and reported to appropriate agencies.
Depending on the product or service you’re selling, it’s type, where it’s being sold or delivered too, and additional parameters, the haku platform will be able to determine if tax needs to be collected, the amount of tax that needs to be collected, and where it needs to be remitted. We will also collect and remit any necessary taxes and reporting on behalf of your organization. That same reporting will also be available to your organization for complete insight and visibility into any taxes collected and remitted.
The haku platform has always been unparalleled in supporting the complex and nuanced needs of our industry. No matter how big or small, we have fostered amazing relationships with our partners who use our platform to seamlessly support the intricate needs of their events well beyond just registration. This principle will be at the core of how our technology helps keep us all compliant with these Marketplace Facilitator laws.
At the end of the day, it all boils down to is this: haku will continue to provide the industry-leading technology platform. You will be able to be compliant with all new Marketplace Facilitator laws without feeling an impact in costs, efficiency, or in your business processes.
If you have any questions, please contact us.
(305) 903 - 8795
*The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.