by Danielle Higley Depending on your industry, workflows, or a thousand other factors, your business may be leaving tax savings on the table. That’s why it’s so important to have a good accountant or bookkeeper on speed dial around tax time. You never know what sort of credits or deductions you might qualify for until […]
Last year, the Supreme Court issued a landmark ruling that changed online tax law. The original law predated the internet and was more reflective of mail-order catalogs. Previously, retailers only needed to collect and remit sales tax if they had a physical presence in that state. On June 21st, 2018, the Supreme Court ruled that […]
2018 was an exciting year for retail. Evolving technology, changing consumer preferences, and political shakeups all had a large impact on our industry. Here is Independent Retailer’s roundup of top trends, influencers, buzzwords, and developments that affected retail in 2018. Many of these topics were explored in greater detail throughout the year – those articles […]
In a decades-long debate, the Supreme Court ruled on June 21st in favor of South Dakota in that small catalog and web retailers will have to comply with the conflicting tax rules of more than 12,000 local tax jurisdictions across 46 states. This is a big win for states and brick-and-mortar retailers, but not everyone […]
There’s never a boring day in retail. This is especially true under the Trump administration. There are many changes in the works with different moving parts. Here is a quick overview of different laws, policies, and agreements currently up for debate and how they may impact retail.
For months, President Trump encouraged Congress to have tax reform legislation on his desk by Christmas 2017. The House passed their version of the bill on November 16th; the Senate passed their version on December 2nd.
Online sales tax has been in the national spotlight this past year for a number of reasons.
In the March issue of Independent Retailer, we interviewed SoftBank, the robotics company who owns Pepper, the retail robot. Though we focused on the consumer-facing implications of robotics in the retail industry, there is much more to the puzzle.
Tax reform is the next item on the White House agenda after healthcare and the federal budget. Overall, President Trump has promised big tax cuts for corporations and for middle-class Americans, all in the name of strengthening American businesses, creating jobs, and bolstering the economy.
State governments are applying pressure on Congress to restructure online sales tax. Currently, online sales tax follows the same guidelines as mail, catalog, and phone retail orders.