With 800 million monthly active users, Instagram has a built-in audience for e-commerce companies. The social media network only sits behind Facebook and YouTube when it comes to monthly users, and it only trails Facebook in daily users. Instagram users don’t just look at pictures. Many have deep pockets, and they are more than willing…
In a 5-4 decision announced on Thursday, the Supreme Court overturned a 1992 ruling in Quill vs. North Dakota that explicitly banned states from taxing companies that don’t have a physical presence within their borders. The ruling came in the case of South Dakota vs. Wayfair, as South Dakota attempted to overturn the previous ruling….
Eighty-four percent of teens rely on their parents to teach them money management, but 34% of parents don’t discuss financial issues with their offspring. This can lead to poor financial decisions by teens. It’s important for parents to prepare their kids for the real world by going over various financial concepts that can prevent them…
Returns are a necessary part of any ecommerce business. Business 2 Community reports that customers return 30 percent of all online orders while they return only 8.89 percent from brick and mortar stores. It’s especially true when the buyer is sending a gift. While you can’t do anything about hurt feelings, a company that handles…
If you make international sales through your ecommerce business, you may have heard of the General Data Protection Regulation (GDPR) recently enacted by the European Union, but you might not really understand how it will impact you. However, with the GDPR going into effect on May 25, 2018, it’s important to be aware of the…
With the explosion in the usage of various cryptocurrencies lately, it’s becoming more and more important to understand exactly how they work and how they are being used. While it’s common to assume that a cryptocurrency can be treated just like any other type of currency, the truth is a bit more complicated, and it…
How does sales tax apply to streaming services like Netflix, Spotify, and other similar services? The rise and expansion of the internet has vastly changed the way many sectors of the economy work. From facilitating ecommerce to allowing for the download of digital media, this technology has greatly expanded the reach of all types and…
Any discussion of climate change these days generally involves questions about how to incentivize transitioning away from fossil fuels to more renewable forms of energy production. One option that’s long been on the table is the introduction of a carbon tax to make burning fossil fuels more expensive. Of course, instituting a new tax is…
Possibly some of the most difficult and confusing tax laws that online sellers have to deal with are sales tax laws. Part of what makes these laws such a headache is that they are different for every state, and the nature of your business combined with a particular state’s laws will determine if you have…
Time is money. It’s not just a saying – there is a physical limitation on how many hours you can work in a week. Many entrepreneurs are workaholics, but often it’s because we try to do too much. We think success will come just by putting in more hours. Instead, we need to consider how…