Internet sales tax on e-Commerce transactions? This is an issue that many e-Commerce businesses haven't had to worry about - at least not in states where they lacked a substantial physical presence. But things could be changing! Three bills making their way through Congress could require all but the smallest of internet sellers to begin collecting sales tax in many states. Which internet sellers, which states and how quickly this all would happen would depend on which of the proposals passes. If you're a small-medium business with e-Commerce activities, this is an issue you need to understand - and this is a whitepaper you need to read!
Written by Sylvia Dion,CPA (a State and Local Tax Consultant with a special interest in the rapidly changing area of e-Commerce taxation), the paper opens with a basic primer on internet taxation from both the buyer's and seller's perspective. While this content may seem unnecessary for readers already familiar with the taxation of internet sales, there are a surprising number of people (even in business) who still falsely believe that internet sales are tax-free.
Dion then educates readers on the three internet sales tax bills currently under discussion. While there's been significant coverage of the federal bills in the media recently - the author's succinct explanations help the business reader distinguish between the three sales tax acts which have confusingly similar names. Dion also highlights the issues which are most likely to impact a small-medium business with e-Commerce activities - such as the small seller definition in each bill, which may exempt some businesses from having to collect sales tax.
The whitepaper is geared towards the business information needs of small-medium e-Commerce operations which may not have in-house tax resources.
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