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3: Paying & Managing Sales Taxes In A Post-Wayfair World

3: Paying & Managing Sales Taxes In A Post-Wayfair World

FromTaxgirl Podcast


3: Paying & Managing Sales Taxes In A Post-Wayfair World

FromTaxgirl Podcast

ratings:
Length:
31 minutes
Released:
Jul 27, 2020
Format:
Podcast episode

Description

This week, Kelly really dives into the recent ruling in 2018 that online businesses must pay taxes and the effect on smaller, primarily online businesses. Brad Scott joins Kelly for an inside look at how the Kill Quill ruling affects small businesses. Brad is the Director of Finance at Halstead Bead, Inc., a jewelry component wholesaler supplying jewelers across the United States and around the globe. Halstead is a second-generation, family-owned, small business. Scott has been with Halstead since 2002. Since May 2019, Scott has led Halstead’s Wayfair legislative advocacy efforts to achieve uniformity, simplification, clarity, and liability limitations for small businesses at both the state and the federal level. Small Businesses Complying with the Kill Quill Ruling   As Brad and Kelly discuss the tax ruling for online retailers, they also discuss what it means for taxpayers and professionals. Many businesses, taxpayers, and online retailers may not even know if the rules apply to them, or how to comply. Brad and Kelly help listeners learn how to move towards compliance, and what can happen along the way. Listen to Kelly and Brad Scott talk Tax Rulings, as well as: Which Rules Apply to You?  Necessary Educational Expenses to Comply  Deciding on Where to do Business   The Challenge of Keeping up with Changes  Finding Allies to Fight for Small Businesses   How COVID-19 Could Change the Ruling  Complexity is Causing Compliance Difficulties Taking the Next Step, Moving Forward   More About Kelly Phillips Erb:  Kelly is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney who works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.   Links Mentioned:  Kelly’s Website – Taxgirl   Brad’s Family Business - Halstead Bead  National Federation of Independent Business- NFIB  American Catalog Mailers Association - ACMA  Online Merchants Guild - OMG Streamlined Sales Tax Governing Board, Inc. - SST
Released:
Jul 27, 2020
Format:
Podcast episode

Titles in the series (90)

The Taxgirl podcast is a series of conversations about taxes, money, and the choices we make. Because paying taxes is painful, but hearing about them shouldn't be.