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Wayfair Decision and the Impact on the Sales Tax Collection Process for Portfolio Companies
Posted by Tarra Curran on Fri, Aug 24, 2018 @ 02:34 PM

The Supreme Court recently ruled that a physical presence in a state is not required for a state's sales and use tax requirements. In response to South Dakota vs. Wayfair (Wayfair), states are rapidly updating their policies to collect state sales taxes from companies that conduct business remotely.

Private equity and venture capital firms and their portfolio companies should be aware of the potential impact the Wayfair decision could have on their existing sales and use tax collection, remitting and reporting processes.  

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Topics: Tarra Curran, economic nexus, Sales Tax, sales and use tax, tax nexus, Wayfair, Private equity, South Dakota vs Wayfair, ASC Topic 450, Private Equity & Venture Capital

Are Venture Capital/Private Equity Firms Prepared for New Privacy Regulations?
Posted by Michelle White on Thu, Jul 5, 2018 @ 12:05 PM

May 25 has come and gone, and the compliance clock is ticking for the European Union’s new privacy standards, knowns as the General Data Protection Regulation (GDPR). Private equity and venture capital firms with European investors, employees, and clients need to be sure that they meet GDPR requirements or else they risk significant penalties. Fines for noncompliance with GDPR may be as steep as €20 million or 4 percent of global revenue, whichever is greater.

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Topics: Michelle White, Privacy Laws, GDPR, General Data Protection Regulation, EU GDPR, Private equity, venture capital

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