I’ve been warning my clients about this for about three years. And, now, it’s time for them- and everyone else- to react.
Tag Archives: Internet sales
Don’t wait for that certified letter!
Long ago (way back when I was married), I remember when my ex bought a slew of furniture to redo our living room. All directly from the North Carolina factories. (It was her money and I had no say in the purchase or the choices. But, that’s NOT the point of this discussion.)
Click-and-mortar?
This is yet another in the series about the two growing firms where I am serving as financial manager. I already wrote about the concerns of monitoring the daily operations (KPI) and the costs of expansion.
Have Sales- Will Tax
If you think it’s just the federal government that is scrambling for revenue to cut their deficits, you are badly mistaken, Almost every single state is desperate to increase the tax coffers to balance budgets and/or deal with immediate needs- including transportation needs. And, one source they are desperate to tax is internet sales. Some $ 23 billion a year escapes state coffers (National Conference of State Legislature estimates) because of the 1992 Supreme Court ruling that currently obtains.
A level playing field? Or scorched earth?
So, is this a fairness issue- or one designed to augment the coffers of the states? Many local vendors complain that their markets are jeopardized because they must charge sales tax, while the same products delivered from Amazon are tax-free. Many states see the revenue potential from taxing Amazon (and other internet company) sales in their domains and salivate with glee.