Sales tax in the United States is complex, but because Americans are raised with it, the thousands of jurisdictions and special taxes seem to make (at least a kind of) sense. As soon as a company starts making overseas exports, the level of complexity increases significantly — especially because many other countries use tariff and import fee types that are unheard of in the United States.
In 2015, fine art sales amounted to a whopping $63.8 billion. While this is nearly 5 billion dollars less than the art market’s all-time high in 2014, visual art is still a big business.
Art sales pose interesting problems for sales taxation. Some of those problems boil down to that most eternal of questions: what, precisely, is art? Is it just a painting? Or is it an investment?
$24 billion. That’s the amount of uncollected sales tax from ecommerce retail sales at last count. Those billions of dollars are a powerful motivator for U.S. states who are collectively facing $19 billion in budget shortfalls over the next 18 months. As states get more concerned (and creative) about revenue sources, they’re turning their attention to nexus.
The sprint to the end of the school year is underway. Students are working to finish assignments and prepare for exams while keeping one eye glued to the calendar: three weeks left; then one; summer! Most kids will be happy to close the books and not think about the upcoming school year for two months. But for retailers, now is the time to prepare for the back-to-school retail rush.
Back-to-school spending is second only to winter holiday spending. According to the National Retail Federation (NRF), total combined spending for back-to-school and college reached approximately $68 billion in 2015. Although some consumers start earlier, most do their back-to-school shopping during July and August. Retailers have no time to lose.
Are carrying costs weighing your company’s finances down? Is a disorganized warehouse keeping you from fulfilling orders on time? It might be time for an SOS – Save Our Shipping!
A recent study by Deloitte found that nearly half of all mid-market companies not only automate, but do it in multiple areas of their business. And why not? It’s a great way to offload time-consuming tasks and free up resources for more value-add activities. And what could be more tedious than sales and use tax compliance?
QuickBooks provides multiple ways to get information about your customers, and their payments, and your company itself. The software’s Snapshots provide quick, thorough overviews.
In business, we like to focus on the positive, such as growing sales, boosting revenue, and keeping customers happy. But what happens when something goes wrong? You need to have a plan in place for when a product doesn’t live up to expectations and your customers are upset at not getting what they paid for.
Accounting is about more than just numbers. QuickBooks lets you make documents and incredible reports available from within the program itself!
Repost from Avalara
Use tax, the lesser known counterpart of sales tax, suffers from a basic lack of PR. Buyers and sellers alike pay it no mind. Despite 27 states having a dedicated line item in tax returns for reporting use tax owed, only 2% of taxpayers actually report it. This has left the states with a $23 billion deficit annually in uncollected use tax.
We’ve all heard of the saying “work smart, not hard”. But when it comes to managing your entire organization, how does your company work? Many small businesses have decided to “work smart” by capitalizing on their current business relationships and better managing their sales, projects and billing by making an investment in an integrated CRM (Customer Relationship Management) system.
We’re just a few months into the new year, so millions of people have already made New Year’s Resolutions that they’ve sworn they’re going to keep in order to make this a great year. And by now they’ve hopelessly broken them and returned to their old habits.
You love your customers, you love your business and you love your time off with family. Did you know that is was even possible to love your payroll?
Your time is valuable and everyone knows time is money. It’s the time and complexity of processing payroll that too many businesses love to hate.
Save money this holiday season and stop wasting time manually processing payroll and calculating timecards!
8 Reasons to Get Your QuickBooks Enterprise Full Service Plan At Out Of The Box Technology, you will find enthusiastic advocates for everything QuickBooks. We love to help set-up QuickBooks, clean up QuickBooks, teach QuickBooks, keep your books, etc. When you purchase QuickBooks Enterprise, you automatically receive the Full Service Plan (FSP) for one...
A new year is right around the corner. Now is the time to make key changes to your business to ensure you’ll use your time to the fullest, going forward.