The issue of sales tax being applied to online sales went all the way to the Supreme Court. Now that the decision has come down supporting states that want to impose an internet sales tax, it's natural to wonder how potential new rules will affect your small company.
Small Business Sales Tax Impact
According to The Verge, large e-retailers such as Amazon won't likely feel the greatest impact form the Supreme Court ruling, which overturns a 1992 precedent. Many large businesses already collect sales taxes, perhaps anticipating the changing legal landscape. SMBs, however, could have to change their practices.Continue reading