The long-debated Internet sales tax issue is nearing an end with the U.S. Senate’s passage of the Marketplace Fairness Act by a binding vote of 69 to 27. Now the bill must go before the U.S. House of Representatives for approval. The legislation would allow the 45 states, and the District of Columbia, that currently […]
taxes
Online Tax Advocates, Opponents Speak Out
The U.S. Senate has voted 75 to 24 in favor of proposed nationwide Internet sales taxes, a move that several major U.S. retail groups applaud. The law, which exempts businesses with annual out-of-state sales of less than $1 million, “is proof-positive that the federal government’s special treatment of online-only retailers will soon be a thing […]
Small Businesses Strive for E-Fairness
Ask Roberta Bonoff, CEO and president of Creative Kidstuff, a specialty toy store based in Minnesota, how her company has stayed in business for 30 years and she’ll tell you, “First and foremost, it’s about offering your customers and your community an experience and service they won’t find anywhere else. Second, it’s about staying relevant […]
How to Get Ready for the April 15 Tax Deadline
As a small business owner, it is important that you file properly and claim the right tax deductions to avoid audits.
Tax Incentives Aid SMBs
The Taxpayer Relief Act of 2012 delivered good news to America’s 28 million small businesses, as it extends tax credits the President signed into law during his first term.
House and Senate Approve Fiscal Cliff Compromise
To the relief of many Americans, the House has approved a bill to avert the fiscal cliff, staving off widespread tax increases.
Small Business Owners Weigh In On Fiscal Cliff
The Main Street Alliance of Washington recently conducted door-to-door and telephone surveys of 113 small business owners in Washington.
Important Sales Tax Tips
Retailers can minimize their risk of audit and maximize efficiency by keeping close tabs on their sales tax requirements throughout the year.
How You Can Prepare to Collect Online Sales Tax
Many online retailers may have to collect sales tax if, as anticipated, the Marketplace Fairness Act passes the House and Senate.
Web Retailer Sales Tax?
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.
