Why Sales Tax is Now Putting Your Business at Risk

Posted by GetApp under Technology
From http://www.getapp.com 3853 days ago

Ecommerce is one of the fastest growing sectors of the retail economy, and that’s exactly why you might be at risk. The fact that global ecommerce is expected to top $1.5 trillion in 2013 is fantastic news for savvy internet retailers.

However, businesses aren’t the only ones who see potential, and state and local taxing jurisdictions are taking new steps to tap this sector as a revenue stream. Unfortunately, many online retailers in the USA remain unaware of new and changing sales tax rules. This puts them at risk when it comes to compliance.

In this post, we will explain new trends in online sales tax and offer tips for how to reduce risk for your business.