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Remote Seller Taxation: A Job For Tax Automation

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Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. Implementation.

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Simon Properties Earnings Show Positive Trends For Brick-And-Mortar Retail

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Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” CEO David Simon said in a statement. “We We have withstood lack of federal and state help, especially in real estate taxes. We have withstood COVID.

Trends 169
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Relocations And Remote Work Hit San Francisco’s Finances

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At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported. Unlike many communities, San Francisco has not seen an increase in online sales tax. billion, the city said.

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Mom And Pop Pharmacies Dwindle Amid Competition

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A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. The closures represent a loss of nearly $17 billion in annual revenue, 15,000 jobs and millions in tax revenue.

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Credit Issues Stalk Malls And Anchor Tenants

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On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. Once seen as the least risky tenant of all, they are now the greatest question mark.

NJ 132
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Facebook Tracker: East, West And Everything In Between

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Facebook will receive around $19 million in state tax exemptions through 2035, CNN Tech reported. San Francisco, California. Facebook’s headquarters are moving from Menlo Park, California to a brand new, 70-story, not-even-completed-yet skyscraper in neighboring San Francisco. Menlo Park, California.

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FTC Puts The Smackdown On Fake Online Reviews

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The FTC said it brought forward “its first case challenging a marketer’s use of fake paid reviews on an independent retail website.”. More recently, the eCommerce operator said, “Our approximation is that less than 1 percent of reviews are inauthentic” — at least, according to Sharon Chiarella, vice president of community shopping at Amazon.

Online 108