How the Role of the Tax Professional Changes with the Addition of an Online Marketplace

It’s no secret that online marketplaces are booming. Retail giants like Walmart, Target, Macy’s, Bed Bath & Beyond, and more all have their own online marketplace—for good reason. They are the largest and fastest-growing retail channel globally, and according to an Ascential report, by 2027 they will drive 59% of global ecommerce sales. With opportunity like this more and more mid-market companies are also jumping on board to accelerate their own online growth.

But what does this mean for you, the tax professional, who works every day to ensure tax is calculated correctly for your organization’s products? How does the addition of an online marketplace—with hundreds, thousands, or even millions of new items—affect you and your role? This eBook will explore everything you need to know including:

• What online marketplaces are and why they are so popular
• What your new tax responsibilities will be and five challenges you will likely face
• What you can do now to prepare and ensure your team’s long-term success