How Sales Tax Works for E-Commerce Businesses

As the world continues to shift to an online, competitive marketplace e-commerce sellers are left with many legal and financial concerns.  Now that tax season is upon us these concerns become even more intensified. 

The e-commerce industry can be lucrative. Amazon for example has 190 million reported monthly visitors, but it also comes with its challenges.  Less than 50% of small businesses stay online after four years.  How can you make sure that your business is set up for success when building and growing your e-commerce business?  Some areas to focus on are your revenue and growth model, a payment gateway that is user friendly, what shipping restrictions are in place, how you will manage inventory, and how you will protect customer information (cyber security is here to stay!)

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Tax Breaks Extended for 2017?

On Friday, Congress approved a bill that extends tax breaks that expired at the end of 2016 through 2017.  I know what you are probably thinking…it is the middle of February 2018 and Congress just passed a bill to extend provisions for tax year 2017?!?

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4 Things Contractors Should Pay Attention To, Because the Surety Will Too

One of the most important parties to keep happy as a contractor is the surety.  A surety can create bonding programs that can allow for contractor growth, or they can significantly constrict a contractor’s ability to bid and obtain new work.  A surety will want confidence in the ability of a contractor to completely perform a project prior to issuing a bond for the project.  Here are a few key items that a surety will likely look for when evaluating contractors for new or existing bonding programs:

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How a New York State Bill may Protect Residents from a $1.5 Billion State Tax Hit

With all of the federal tax changes starting in 2018, one of the questions that follows is how does this impact New York?  Some good news for New York residents is the NYS Senate passed a bill to protect taxpayers from a $1.5 Billion State Tax Hit, from changes imposed under the Tax Cuts and Jobs Act.  However, the bill still has to go to Assembly, and then to Governor Cuomo for approval.  NYS residents are not in the clear from this tax hike yet.

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Phishing Scam - Do Not Inadvertently Provide W-2 Information to Cyber Criminals

Currently there is a phishing scam that may cause an organization to inadvertently provide W-2 Information to cyber criminals.  Those heavily targeted are Human Resource and Payroll professionals.

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