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U.S. Supreme Court Rules in Favor of South Dakota in Wayfair Sales Tax Case (CPA Practice Advisor) - The Supreme Court on Thursday standardized taxing rules for traditional retailers and online transactions, ruling that states and localities may collect sales taxes on all purchases over the internet. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Three Steps to Start Being Relevant (LinkedIn) - Being relevant means identifying client needs and molding your firm to address and satisfy those needs. While it may seem like a simple concept, many accountants donât know where to start. Here are a few ways to get your firm up to speed. FASB clarifies accounting for grants and contributions (JoA) - FASB on Thursday issued an Accounting Standards Update clarifying when a transfer of cash or other assets received and made, primarily by not-for-profits, qualifies as a contribution or an exchange transaction. Can Student Loans Now Be Discharged In Bankruptcy? (Forbes) - It's one of the most intensely-debated student loan questions: Can you discharge your student loans in bankruptcy? The short answer: normally, student loans are not dischargeable. However, that may change. Here's what you need to know - and why. In Wayfair, SCOTUS leaves work for state courts (Accounting Today) - The Supreme Court, in a 5-4 decision, has erased decades of reliance on the physical presence test to determine remote seller nexus â while also creating more work for state courts. Associate Justice Anthony Kennedy wrote the majority opinion, while Chief Justice John Roberts wrote a dissent. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Bob's BBQ: Bill by the hour?   |