Some E-Commerce business owners still (falsely) believe that there is no tax on the internet.
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Portland, OR (PRWEB) May 10, 2012
Business sales tax information website http://www.SalesTaxSupport.com announced the release of a new whitepaper by Sylvia Dion CPA. The whitepaper educates the small-medium business audience about internet sales tax bills currently under discussion by Congress. Written in plain English, the whitepaper is geared towards the business information needs of smaller e-Commerce operations which may not have in-house tax resources.
There is no shortage of papers, articles and blog posts about the proposed internet sales tax bills. However, the goal of this whitepaper is to communicate this confusing topic to the average small-medium business or e-commerce operation. Sylvia Dion’s newly released "Internet Sales Tax Legislation: What it Means to Small-Medium E-Commerce (A Plain English Guide)" will help businesses navigate this often confusing and changing part of business.
Read the Internet Tax Legislation whitepaper here.
The whitepaper opens with a brief primer regarding current taxation standards for e-Commerce transactions, explained from both the customer’s and seller’s perspectives."Some E-Commerce business owners still (falsely) believe that there is no tax on the internet. This whitepaper not only clears up those internet tax myths – but also makes it easy for business owners to really understand the potential impact of the internet sales tax bills under discussion," said Susan Jaeger, Sales Tax Support’s publisher.
The paper describes each of the three internet sales tax bills currently under discussion – and explains key differences. While it’s largely material that’s been covered in the media - Dion’s text eliminates the confusing legislative minutiae. Her succinct explanations help the business reader distinguish between the three sales tax acts (with confusingly similar names). She also highlights the issues which are most likely to impact a small-medium business with e-Commerce activities.
“Many e-Commerce operators haven’t had to worry about collecting sales tax in states where they didn’t have a physical presence. But all three of the internet sales tax bills now before Congress throw out the physical presence requirement – which could transform the issue of internet sales tax,” according to Sylvia Dion, a state and local tax consultant who has taken a special interest in the rapidly changing area of e-Commerce taxation.
“Even though all three of the internet sales tax acts have a ‘small seller’ exception in them – the reality is that many ‘small’ e-Commerce businesses aren’t small enough to qualify for that exception” added Dion.
“Internet Sales Tax Legislation: What it Means to Small-Medium E-Commerce (A Plain English Guide)” can be accessed from the SalesTaxSupport.com website (per link above) or from Dion’s Internet Tax / E-Commerce blog. Dion plans to post updates to her blog as this story develops. Readers interested in following this issue are advised to subscribe to her Internet Tax RSS feed, so they can receive updates directly to their desktops.
SalesTaxSupport.com (published by STS Publishing LLC) is a free information website where small-medium businesses can find sales tax information, as well as a broad range of resources from recognized solution and service providers. Visit the Sales Tax Support website at salestaxsupport.com or call 1-888-344-3944 for more information.
About Sylvia Dion:
Sylvia Dion is a CPA, State & Local Tax (“SALT”) Consultant, writer and blogger. Her articles have been published by the Journal of Accountancy, BNA Bloomberg and other leading publishers. She is the also the "Internet Tax / E-Commerce" contributor to SalesTaxSupport.com’s "Sales Tax Issues, Insights & Ideas" blog. For more about Sylvia, visit http://www.sylviadioncpa.com or call 978-846-1641.