Posted by John Shepperson | Mar 17, 2014 11:05:00 AM
Discover how easily you can simplify sales and use tax compliance, reduce audit risk, streamline exemption certificate management, and release audit contingency reserves back into your bottom line. Register for this free webinar and learn how automation can:
Topics: 100 ERP, compliance, sales tax, Avalara, john shepperson, oates co, avatax, webinar, sales tax compliance
Discover how easily you can simplify sales and use tax compliance, reduce audit risk, streamline exemption certificate management, and release audit contingency reserves back into your bottom line. Register for this free webinar and learn how automation can:
Topics: 100 ERP, compliance, sales tax, Avalara, john shepperson, oates co, avatax, webinar, sales tax compliance
Posted by John Shepperson | Feb 10, 2014 1:41:00 PM
Avalara AvaTax: Sales tax is hard. AvaTax™ makes it easy.
Avalara’s AvaTax is a cloud based service that uses a secure, encrypted internet connection to deliver real time tax decisions. Its database holds more than 100,000 sales tax rules and can automatically apply them across more than 11,000 jurisdictions and nearly 100 countries. Most importantly, the AvaTax database is always up to date, making accurate sales tax calculations all day, every day.
Topics: oates and co, Sage, cloud accounting, intacct, sales tax, Avalara, cloud, integration, john shepperson, avatax, avalara avatax, sales tax rules, ecommerce, retail point of sale
With the passage of the Marketplace Fairness Act, fears about compliance are running rampant through businesses subject to the new internet sales tax regulations. While this fear is understandable, it can be mitigated by the simple use of modern technology.
Topics: business taxes, sales tax, internet tax, tax compliance, taxes, tax laws, john shepperson
Posted by John Shepperson | Jul 26, 2013 7:40:00 AM
Tax laws are confusing – there are innumerable policies, procedures, institutions, jurisdictions, etc. to wade through. On top of that, tax laws are in a constant state of flux. Accurately complying with federal and state tax requirements for internet purchases is a headache; even knowing if you are paying the correct amount of taxes can be confusing.
Topics: business, compliance, internet business, online business, business taxes, sales tax, software, tax compliance, taxes, tax laws, john shepperson
Posted by John Shepperson | Jun 17, 2013 11:49:00 AM
The US Senate recently passed the Marketplace Fairness Act which will allow states to require out of state online retailers to collect sales tax on their behalf. The President has stated through his spokesman that he will sign the bill if it passes the House therefore it is wise for companies to plan for implementation. The law will apply to any business that does more than $1 million in annual sales. It will also require the states to provide free Internet sales tax software programs to qualifying businesses. This will ease some of the burden and probably won’t be as complicated as some may fear.
Topics: oates and co, Internet sales tax, sales tax, internet tax, Marketplace Fairness Act, solution, software, Avalara, john shepperson
Posted by John Shepperson | May 15, 2013 11:55:00 AM
The Senate recently approved an Internet sales tax bill that, if also approved by the House and signed into law by the president, will require online retailers to collect sales tax for the states where their customers order from. What does the Internet sales tax problem and the potential passage of this bill mean for businesses? Here are some details to consider.
* Who is supporting this bill, and why?: Some of America's largest retailers are supporters of the bill, including Walmart, Target, Amazon and Best Buy. The argument is that it is unfair that offline sales are subject to a tax while online sales are not. Presumably, with online sales resulting in an estimated $23 billion in lost sales tax revenue, several states are also in favor of the bill.
* Who the bill applies to: In its current form, the Mark etplace Fairness Act applies to those businesses who generate more than $1 million in annual sales. eBay is currently leading the charge to amend the House-version of the bill to exempt any business generating under $10 million in sales or with fewer than 50 employees.
* Software: The bill requires that the states requesting sales tax from online retailers provide free software for businesses that computes their tax rates. Businesses are exempt from liability due to problems with the software or inaccuracies by the state.
* Remote sales agencies: States will also be required to set up remote sales agencies to handle sales tax issues so that online retailers will not have to deal with each separate city and the sales tax it collects.
Without a doubt, the emergence of online sales has transformed the economy. And the Marketplace Fairness Act will undoubtedly transform how online retailers do business. Helping you with your business management s oftware is our job. Rest assured, we are staying appraised of this situation and are ready to help you make the transition as seamlessly as possible. For more information on how we can work with you on sales tax software solutions, contact us.
Topics: oates and company, Internet sales tax, sales tax, internet tax, Marketplace Fairness Act, solution, software, john shepperson
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