Did you know you enter into an informal contract with a customer when you send an invoice? You expect you will receive payment in a timely fashion for goods or services you've sold, right?
That probably works most of the time. However, what happens when it doesn't and when you send reminders and are still waiting? Then, what do you do when a customer orders frequently and is confused about what's been paid and what hasn't?
The Supreme Court of the United States has ruled in favor of South Dakota in South Dakota v. Wayfair, Inc. Making it very likely that their decision will put an end to "tax-free" shopping! Out-of-state retailers, and online sellers in general, might now have a new set of obligations and challenges ahead of them, while states could potentially gain billions in revenue from taxing out-of-state sellers on their online sales. But what does it mean for your business?
Sales Tax can be managed within QuickBooks, but without an automatic solution, you'll be forced to keep up with all the rules and rates in the growing number of states that you have Economic Nexus in. Don't know what Economic Nexus is? Come learn with us!
Join us on October 18th at 9 am CST with the tax pros at Avalara who will explain everything you wanted to know about sales tax compliance - all wrapped up in a 30-minute info-packed presentation. We'll take a look at best practices in sales tax compliance. We'll outline the risks and problem areas that even a seasoned tax pro might not know about.
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