Sales Tax Blog
What President Trump’s Tax Plan Means for Entrepreneurs
Throughout his campaign, and then once he was in office, President Donald Trump extolled his vision for a vastly simplified tax code that would lower rates for everyone and help make America more attractive to businesses of all sizes. The tax code is one area that could certainly benefit from some reform and simplification, but as with any major changes to a system like this, it’s hard to forecast how individual groups may be impacted. A Broad Outline Although the general direction President Trump is likely to move in his tax reform efforts was always clear, there were few specific… Read More
How Do Amazon’s Sales Tax Changes Affect Me?
The battle between states and online retailers about when they are responsible for collecting and remitting sales tax to individual states took a new turn recently, as Amazon added Hawaii, Idaho, Maine and New Mexico to the list of states it collects sales tax in. This brings its total to 45 states plus the District of Columbia, and the remaining five states don’t have a general statewide sales tax. Of course, while Amazon is among the largest online retailers, it’s not the only ecommerce platform, and there are a lot of different ways that sellers can reach customers across the… Read More
What’s New with Marketplace Fairness in 2017?
When sales tax laws first came into existence in the early to mid-part of the 20th century, the vast majority of sales were made from brick-and-mortar stores to local customers. However, with the rise of the internet and the increasing reach of ecommerce into every corner of the market, a number of new challenges have become apparent. States that depended on sales tax revenue to fund a wide variety of services and programs have suddenly found that cash flow decreasing rapidly. There has been movement on several fronts over the past decade or so to try and expand the authority… Read More