Benjamin Franklin famously noted that the only things you can be sure of in life are “death and taxes.” What he didn’t count on when he said this was the implementation of the sales tax and the resulting questions you may find yourself asking as an online retailer. In the most general of terms, if you’re in the business of selling anything, you may have to pay this particular tax. Here are four questions to ask about your business to determine your sales tax liability:
Question 1: Is it a business or a hobby?
First off, are you actually operating a business, at least in in the eyes of the Internal Revenue Service? If your store is very small or not making any money, the IRS might categorize it as a hobby. Hobbies don’t have to collect sales tax, but they also can’t claim any losses as deductions
The IRS considers an activity a business if “it is carried on with the reasonable expectation of earning a profit.” Even if you aren’t currently making a profit, if you’re spending significant time, effort, and money on your eCommerce endeavor, the needle points towards the business category. Continue reading →
The holiday season is well under way! Is your eCommerce business ready for the high volume, shipping deadlines, and demanding shipping requests and services? We’ve compiled these 5 handy tips to help you through the holiday rush.
1. Mark important shipping service dates
Make sure you know when FedEx, UPS and USPS are open for service. Here are their shipping calendar for November and December 2013:
This post is long overdue. In the past 5 years, we’ve had hundreds of conversations with customers, partners and within our team on the subject of product attributes, options and variations. In fact, it’s so complex an issue that it’s the topic of a stand-alone training session for every new team member that joins Webgility!
I’ve been procrastinating writing this post for a while now but a curious email from a customer this morning about synching attributes finally got my fingers rolling on the keyboard.
Before you read further, I recommend grabbing a cup of your favorite beverage because this could take a little time. I wish it didn’t but then again, I wouldn’t be writing about it if it were simple.
Since we’ve integrated eCC with BigCommerce in June 2011, we’ve gotten great feedback from BigCommerce retailers looking for a seamless way to synchronize their online orders, customers and inventory with QuickBooks. Continue reading →
Earlier this month, Webgility attended The Sleeter Group Conference in Las Vegas. Although the attendees were experts in their field — QuickBooks advisors, CPA’s, and accounting consultants — they had only a vague understanding of the eCommerce retailer market. However, they’re encountering more clients who want to grow their business into the online world. I’ve also spoken to many people who are confused about starting an online business and need some advice on where to start. Since this is a big subject, here are my Cliffs Notes on starting an online business. I’ll cover each component in more detail in other posts. Continue reading →
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