This has been a big year for remote retailers. The Wayfair ruling handed down by the Supreme Court in June upended how many people collect and report sales tax in states that previously had laws pending. As we enter the heart of the busiest retail month of the year, it’s imperative that you are prepared…
There are few five letter words feared by small business owners as much as “audit”. Especially for business owners who have been careful in their processes, recording all sales, logging everything, and maybe occasionally forgetting to document something, it’s frustrating and terrifying to get that notice. But with the right preparation, and a keen understanding…
Few decisions will have as big of an impact on the taxes you pay and regulations you must follow as the business structure of your online company. When starting an online business, you should strongly consider consulting with a lawyer for advice as to the best structure. However, you can do some in-depth research beforehand…
Regardless of the size of your company, there is always the possibility that you will face a sales tax audit at some point. This is certainly a hassle that you’d rather avoid, and while there are no ways to guarantee you won’t be audited, there are a number of steps you can take to make…
No matter what kind of small business you run, access to funds is likely the major impediment you face when it comes to your ability to grow. Whether you need that money for marketing, product development, purchasing real estate, or any other purpose, there are a number of avenues to explore that can enable you…
All businesses need advice from a variety of professionals. One of the most important professionals that guides a business owner is their accountant. This relationship determines a lot of the financial success of the business. A good accountant providing solid advice can help an ecommerce business succeed where otherwise they might struggle or fail. Why…
With Earth Day fast approaching, now is a good time to look at some of the ways your business can “Go Green” in an effort to help preserve the environment. This may seem like a massive undertaking, but the truth is that there are many small steps you can take, each of which will lead…
Warren Buffet is quoted as saying, “Price is what you pay. Value is what you get.” Retailers need to understand the difference between price and value – and ecommerce retailers need to know how to communicate that to their customers without the benefit of face-to-face interaction. How does value affect a purchase? Consumers may think…
One of the biggest challenges faced by small businesses, especially those actively trying to grow, is cash flow. Poorly managed cash flow can result in significant issues, and it is frequently listed as one of the biggest challenges for businesses. With small business failure rates at or above 50% in most developed countries and cash…