The coronavirus’s effect on the economy has shaken the world, especially those in the retail space. Decreased foot traffic, shuttered stores, and massive changes in consumer trends have caused retailers to change tactics at the drop of a hat just to stay afloat. It’s this scramble to adjust that has caused the federal government to […]
by Chris Rivera Consumers have been relying on and indulging in ecommerce way more than usual during the coronavirus pandemic, which is boosting sales for online merchants. As of April 27, ecommerce orders were continuing to surge, with order volume increased by 50 percent compared to 2019. From a personal perspective, my ecommerce accounting firm […]
by Robert V. Willeford Stay-at-home orders as a result of COVID-19 have sparked an even greater increase in online purchases. More people are avoiding trips to the store and, instead, ordering online. The growth of online options has made it much easier to reach a potential customer on the other side of the country, or […]
by Amit Mathradas It has been more than a month since the World Health Organization declared COVID-19 a global pandemic. Over the past few weeks, governments, businesses, and individuals alike have been forced to adapt nearly every aspect of their normal day-to-day operations. Stay-at-home orders or mandated business closures have swept the nation, causing most […]
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.