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Tag: ecommerce

ALERT: Supreme Court Expands States Ability To Collect Sales Tax

The Supreme Court cleared the way Thursday for state and local governments to collect new sales taxes from online retailers and others with substantial sales into a state. The ruling in the South Dakota v. Wayfair case opens the door for states to require out-of-state online retailers and other remote sellers to collect sales tax from their customers, overturning a prior court decision that states have fought for years and that the court upheld in 1992’s Quill case. In 1992,...

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Take Your Inventory Management System Out of the Spreadsheet Age

By Donna Woronka Many businesses start up so modestly that they can fit their full inventory in their garage, a slice of rented warehouse or in that dark, cobwebby storeroom in their building—and easily keep track of it via a spreadsheet. But as businesses grow and inventory expands, all that manual input catches up with them. In the first place, spreadsheet inventory management is a laborious operation that takes key people away from what they should be doing. And manual input is...

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Goal 2017: To Start Painlessly Building Your Accounting Technology Ecosystem

By Paul Ursich If the end of one calendar year and the beginning of the next is when your company starts planning the future and prioritizing investments in technology, I hope you’ll spend some of this time considering your accounting system. Call it your Y2K17 effort if you will, but it’s your strategic efforts to improve your technology footprint in order to increase productivity, financial accuracy and, ultimately, profitability. If you’re like a lot of our clients, you’re likely...

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Using QuickBooks Apps and Features to Boost Accuracy and Productivity

By Donna Woronka Millions of companies use QuickBooks (QB) software for accounting because it is affordable, intuitive and user friendly. The majority of users may not know that there are an abundance of apps available on the market today that sync directly into QB.  These apps fill in the holes between QB’s functionality and how your business operates.  The right apps will reduce manual data entry and make your bookkeeping or accounting department more efficient.  If you find that...

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Ecommerce Sales Tax Terms you Need to Know

By Kyle Pennacchia If your company conducts business in a number of states, you understand how convoluted the sales tax process can be. Traditionally, you started with figuring out how to adhere to the tax collection standards of your own state, then you determined in which other states you were deemed to have a legal presence and, therefore, a tax obligation. Then came the Internet. Ecommerce is a great way to find customers globally that you couldn’t have in the bricks-and-mortar-only...

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