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 […]
taxes
Politics & Retail: What You Need to Know
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.
Tax Reform: What Retailers Need to Know
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.
The Truth About Sales Tax for Online Retailers
Online sales tax has been in the national spotlight this past year for a number of reasons.
The Future of Manufacturing
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 and the Retail Industry: Is BAT all Bad?
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.
Mounting Pressure for Online Tax Reform
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.
Wrap Up That Excess Inventory and Put a Bow on It
When companies think of the holiday season, they usually think of turning over a lot of new merchandise.
Online Sales Taxes – Good for Stores and eTailers
In 2014, three researchers at Ohio State University wanted to investigate how the so-called ‘Amazon Tax’ would affect the ecommerce company.
Turn This Year’s Excess Inventory into Next Year’s Tax Deduction
If you are like many retailers, one of your greatest ongoing challenges is disposing of excess inventory.
