NORTHFIELD, IL. - February 12, 2019 – KPMG State and Local Tax Subject Matter Experts, Dan McGuire, State and Local Tax Partner, Sarah McGahan, State and Local Tax Director and Jon Edmonds, State and Local Indirect Tax Senior Manager will present “The Wayfair Decision”at the upcoming Distance Learning Webinar hosted by Media Financial Management Association (MFM), and its BCCA subsidiary, which serves as the media industry’s credit association. The webinar will be broadcast Thursday, February 21 from 1:00-2:00 p.m. ET.
The Supreme Court's 5-4 decision in the case South Dakota v. Wayfair, Inc., allows states to require out-of-state retailers to collect sales tax from customers, even if they don't have a physical store or warehouse in the state, clearing the way for more sales tax revenue from internet purchases. During the Webinar, the panel will undertake a discussion of the Supreme Court’s Wayfair decision, how states have reacted to Wayfair and how does Wayfair impact the sales tax collection and filing obligations of media companies.
“The Wayfair Decision has implications for our members, and we are pleased to have assembled an expert panel to decipher the specifics,” said Mary M. Collins, president, and CEO of MFM and BCCA. “Our goal is to assist our members in processing the latest developments in financial accounting, allowing them to then determine the implications for their organizations.”
About the Presenters:
Dan McGuire, State and Local Tax Partner, KPMG LLP - Based in Tysons Corner, Virginia and serving clients throughout the Mid-Atlantic area, McGuire has over twenty-five years’ experience in advising his clients on state and local tax matters and became a member of the KPMG team in 2006. He is a member of the Tax Committee of the MFM, and his experience includes working with large clients in multiple industries, including broadcast and media, in multistate income tax restructuring projects, including refund analysis and revision of existing corporate structures. McGuire has represented clients before state taxing authorities in income and franchise tax, sales and use tax and property tax matters.
Sarah McGahan, State, and Local Tax Director, KPMG LLP - McGahan is a member of the firm’s Washington National Tax practice, State and Local Tax (SALT) group. She is primarily responsible for following state and local judicial and legislative developments to keep clients and KPMG professionals informed of important state tax developments through TWIST (This Week in State Tax), TWIST-Q (A Quarterly Roundup of This Week in State Tax) and SALT Alerts, as well as other publications. In her role, McGahan provides substantial guidance and assistance to clients in connection with proposed and recently enacted tax legislation. In addition, McGahan assists clients with multistate issues involving corporate income/franchise taxes and sales and use taxes. Prior to joining KPMG in 2005, McGahan was a tax policy analyst at the Virginia Department of Taxation.
Jon Edmonds, State, and Local Indirect Tax Senior Manager, KPMG LLP – Edmonds works with local, national, and global companies with state tax planning and restructuring, controversy and audit defense, compliance, tax provision review, and refund analysis. Throughout his career Edmonds has focused on state income and franchise tax, sales and use tax, and the Washington Business and Occupation tax, and periodically assisted clients with property tax, value-added tax, and other state, local, and foreign tax types. His clients range from Fortune 500 to start-ups and cover a variety of industries, including technology, professional services, manufacturing, financial services, retail, and oil and gas.
About the Distance Learning Event
The event is free to all MFM Members and the deadline to register is Tuesday, February 19. More information and an online registration form may be found on MFM’s website.
About MFM and BCCA
Media Financial Management Association (MFM) is the premier resource for financial professionals for media industry education, networking, and information sharing throughout the U.S. and Canada. More information about MFM is available on its Web site wwwmediafinancefocus.org. Its BCCA subsidiary serves as the media industry’s credit association. BCCA’s revenue management services encompass a variety of credit reports on national and local media advertisers and agencies, including Media Whys, a credit report for media businesses which offers a credit score based on industry-specific aging combined with trade data from Experian or D+B. More information about BCCA is available www.bccacredit.com