How does the June 21, 2018 Supreme Court ruling of Wayfair v South Dakota impact sales tax nexus for e-commerce business owners?
How does the June 21, 2018 Supreme Court ruling of Wayfair v South Dakota impact sales tax nexus for e-commerce business owners?
There is a huge difference between a Xero Accountant Advisor and a Xero Bookkeeping Advisor company. Most of the business owners I speak with don’t realize there is a difference, or understand what a Xero Advisor can do for them as a whole. So let’s break this down.
There is no doubt that today more and more entrepreneurs are able come up with ideas, and shortly thereafter, sell them all over the country and the world. This online trend affects brick and mortar retailers, many of which are looking for alternative ways to grow and sell their products online.
Rather than spending hundreds of thousands of dollars to open up brick and mortar locations, business owners can invest far less to get started with e-commerce offerings. Ecommerce takes advantage of the infrastructure combined with technology to decentralize businesses. This is a great option, but in our experience it opens up a lot of questions and concerns as to how the business owner should expand, how it will affect their tax and compliance, and how they will appropriately track this new delineated flow of sales, costs, fulfillment, and the physical movement of their products.
