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US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. retail sales.

Taxes 119
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109
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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

And so, Clandestina exports its ideas — T-shirt designs — to a contract T-shirt printing operation in South Carolina called Frenzy. The funds from sales generally do not flow back to Cuba, instead paying for marketing, taxes and payment for future printings. Frenzy manages printing, packing and shipping.

Marketing 198
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Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022

Fintech Labs Insights

When I started reporting on the space in the mid-90s, I thought banks would end up delivering the bulk of basic accounting functions through their online banking programs. So the market has been ceded to the entrepreneurs, and wow, have they shown up! Challenger Accounting/Bookkeeping Online Providers in the United States.