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Ecommerce


How Tax Law Changes Regarding Ecommerce Will Impact Businesses

July 3, 2018 / by Mark Wald posted in Small Business Advice, Santa Monica, Bookkeeping Services, Los Angeles, Ventura County, Business Advice, Ecommerce

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A recent U.S. Supreme Court decision that has been hailed as a victory for tax collectors could also be a blow to small businesses. If you conduct online sales to out-of-state customers, you need to start paying close attention to laws regarding sales/use taxes (SUT) in every state where you do business.

The backstory to the landmark case, South Dakota v. Wayfair , stretches back decades. In 1967 the Supreme Court ruled that mail-order companies had no SUT obligation on out-of-state transactions. In 1992 the Quill Court decision upheld the physical presence standard for SUT nexus.

Before the Wayfair decision, the same laws governing mail-order sales also applied to sales made through the internet. In other words, if you ran a business in California that made online sales to New York residents, you weren't obligated to collect New York sales tax because you didn't have a physical presence (or "nexus") in that state.

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Meeting the Accounting Challenges of E-commerce

May 9, 2017 / by Tracy Whigam posted in Boise Idaho, Business Advice, Ecommerce

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E-commerce has eliminated barriers and connected consumers and companies worldwide. But as traditional boundaries between towns, states and countries have disappeared — and as e-businesses have created new revenue models that involve service-by-subscription — new challenges have arisen for accountants and bookkeepers.

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Bookkeeping Service | Making Sense of E-Commerce

November 14, 2016 / by Elliot Hershik posted in Chicago Far West Suburbs, Business Advice, Ecommerce

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Recently, at a roundtable discussion with fellow services professionals, the topic of e-commerce came up. Most people, when they hear this term, imagine that it only refers to the use of the Internet to sell goods and services. 

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