Retailers can minimize their risk of audit and maximize efficiency by keeping close tabs on their sales tax requirements throughout the year.
Many online retailers may have to collect sales tax if, as anticipated, the Marketplace Fairness Act passes the House and Senate.
Advocates for a law that would require web-only retailers to collect state sales tax are optimistic that Congress will be enacting such legislation in the near future.
Advocates for a level playing field between brick and mortar retailers and online competitors celebrate sales tax fairness in California.
Tax season, a time of celebratory credit or sometimes miscalculated debt, means more than compiling a list of deductions to hand over to the accountant. For retailers, it typically means increased sales, as consumers go out to spend some unexpected money provided by their tax refund. According to NRF’s Tax Returns Consumer Survey conducted by […]
The start of a new year is full of hopeful forecasts, and for 2012 the retail industry is already projecting positive results. While expected to be lower than 2011’s 4.7 percent increase in sales, the NRF is still predicting sales growth of 3.4 percent. The U.S. GDP is also estimated to rise 2.1 to 2.4 […]
What happens will Congress say about three recent legislative proposals on sales tax fairness?
While tax planning changes frequently, small businesses can be assured of a few things this upcoming tax season.
If you can’t beat them, lobby them. That’s the National Retail Federation’s (NRF) plan of action on Capitol Hill, as the group looks to combat what seems to be frequent disregard for merchants, reminding legislators of the role retail plays in the current economy. Among the recent legislative disappointments from the Capitol was the Federal […]
With a referendum scheduled for June 2012 to overturn the new Internet sales tax law, Amazon has already spent $5.25 million in campaigning.