How to Avoid Misclassification of Your Ecommerce Products for Sales Tax Purposes

How to Avoid Misclassification of Your Ecommerce Products for Sales Tax Purposes

One of the most complicated aspects of a small business to navigate is taxes, including sales tax. Increasing this challenge is the fact that different types of products each have unique sales tax rates depending on their classification. This is why many ecommerce companies have misclassified products that lead to incorrect sales tax calculations. Here…

How E-Commerce Companies Can Use Instagram to Drive Sales

How E-Commerce Companies Can Use Instagram to Drive Sales

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…

The US Supreme Court Overturns “Quill” Ban on Online Sales Tax
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The US Supreme Court Overturns “Quill” Ban on Online Sales Tax

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….

Tax on Cryptocurrency

Tax on Cryptocurrency

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…