At AccurateTax, we practically eat, sleep, and breathe sales tax. But you’d be surprised at the number of adults who don’t really understand sales tax. For that matter, most high school graduates haven’t been taught much at all in the way of personal finance. Given the time of year, and the fact that schools’ curricula…
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…
Wondering if you really need sales tax automation? Not sure what I’m talking about? Read our introduction to sales tax automation. It’s true that not every business needs sales tax automation, if they have nexus in a single state that either doesn’t have sales tax, or has a single state-wide rate. (Although, even a business…
8 years after the financial crisis of 2008, the issue of banks, lending practices and Wall Street greed is back in the news as the 2016 Presidential Campaign is underway. While not every candidate is blaming Wall Street, there is enough voter dissatisfaction that the idea of making Wall Street more accountable is gaining popularity….
If you’ve worked in e-commerce for long, you may have come across the term sales tax automation. It sounds fancy and complicated, but it’s really just the idea of taking your sales tax collection, remittance, and filing procedures, and making it all happen automatically. Exactly what is this sales tax process? 1. Determine the Sales…
Problems can occur when retailers wrongly believe they are exempt from a sales tax. Today we’ll look at 9 common sales tax myths that can get retailers in trouble. Retailers with an ecommerce presence have a lot of responsibilities on their plates, especially the tasks of properly tracking and applying sales tax and filing annual,…
For international companies that sell products to U.S. customers, American sales and use tax laws can be complicated. International vendors may believe that they are exempt from these taxes when they are not, or they may think the U.S. tax model resembles the VAT. These companies can find themselves liable for uncollected taxes, penalties and…
All across the U.S., states have been making changes to tax code in an effort to bring in more revenue. This has led to some very strange taxes and exemptions being put into place, as well as weird rulings from the Tax Court. First up, these 10 examples of the weirdest sales tax laws can…
While many retailers are focused on the flood of consumers turning to online vendors to purchase goods, they may not be aware of the fact that some states are trying to pass budgets and legislation to remove exemptions for service providers, in some or all areas. This is because sales taxes revenues are falling in…
As the presidential election draws closer, the debate over taxes is getting a lot more coverage on media today. One issue on the minds of some of the candidates is about the fairness of sales and income tax. There are differing opinions on how to approach an equitable tax burden for the American public. To…