SCOTTSDALE, Ariz., February 17, 2021: Staying on top of economic nexus and sales tax laws can be a tall order for even the savviest ecommerce businesses and accounting professionals. But for smaller online retailers, the increasingly complex and constantly changing legislation introduces a unique set of headaches.
That’s why Webgility, the number one ecommerce accounting automation platform for online businesses and accountants, is offering a free webinar addressing sales tax concerns for small online retailers. The event — which takes place March 3, 2021 at 9 am PST — will feature a panel of ecommerce, tax, finance, and technology experts, including:
It’s crucial for online retailers and their accounting professionals to take careful note of the latest tax legislation, says Webgility’s Choi. “State tax authorities will be more aggressive than ever in seeking new sales tax revenue opportunities in order to offset tax revenue shortfalls related to the impact of COVID-19,” he says. “As more ecommerce sellers' businesses grow, so does the need to mitigate risk by maintaining accurate financial records.”
But doing so is no easy task, according to Scott, who is the Director of Finance at Halstead Bead and has spoken before Congress advocating for simpler online sales tax legislation. “State sales tax laws are complex, and none are identical," he says. "There are 51 playbooks that online retailers must learn. Multi-state corporations employ entire State and Local Tax departments to manage the task. Small businesses don’t have the resources to do that, putting them in an impossible situation.”
Webgility is empowering businesses to thrive in the world of ecommerce. The company’s ecommerce accounting automation platform offers users a single source truth — one that helps businesses and accountants save time, ensure accuracy, and boost profitability. The number one accounting automation software for ecommerce brands and accountants using QuickBooks, Xero, and Netsuite, Webgility integrates with over 50 of the world’s top ecommerce platforms and marketplaces and garners a 99 percent customer satisfaction score. For more information, visit webgility.com.