Sales Tax Blog
Economic Nexus – What It is and Who’s Enforcing It
When states began instituting sales taxes in the middle of the 20th century, the vast majority of sales were of physical items sold from brick-and-mortar stores, and so the laws were structured around that arrangement. Over time, of course, the way we shop and make purchases, as well as what we’re buying, have evolved dramatically. One major shift has involved an increase in the share of the market taken up by the purchase of services, and this has resulted in the addition of many services to state sales tax statutes. One such recent change is economic nexus. Another major change… Read More
A History of Taxes in America
Living anywhere in the United States means paying all sorts of taxes, from income tax to sales tax, and indeed, the struggle for US independence began largely because of a dispute over taxes levied on colonists by the British government. Taxes play an important role in the functioning of our society, of course, as they allow for the construction and maintenance of facilities and institutions no individual citizens could pay for on their own but which everyone needs. Throughout the history of this country, taxes have come in different forms and have been used in different ways, and they’ve often… Read More
What Ecommerce Retailers Wish their Accountants Understood
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 do businesses often hire an accountant? Online services and the growth of the Internet have made it easier for companies just starting out, to approach their finances with a do-it-yourself approach. But eventually, almost everyone in business has a relationship of some sort with a… Read More