Sales tax will never be the same again after South Dakota v. Wayfair, as a majority of states jump on this new opportunity to tax remote sellers.
Shown above: remote seller nexus by state as of October 4, 2018
U.S. sales tax will never be the same again, especially for online sellers.
Why is that? Well, a Supreme Court ruling on June 21st, 2018 threw out the idea that liability for sales tax had to be based on having some sort of physical presence in the state.
Now, due to the South Dakota v. Wayfair case, states can introduce something called economic nexus. There are no tests of physical presence at all for economic nexus. Instead, a seller can become liable to sales tax based on the total number of orders shipped to customers in that state, or the total dollar value of those orders.
Today, 29 U.S. states have adopted economic nexus, and more could follow suit. How did this seismic shift in sales tax come about? What are online sellers’ new obligations, and what do they need to do to fulfill them?
We’ll also look at the services provided by post sponsor Avalara, to help sellers handle their sales tax responsibilities.
Three of the best Amazon FBA calculators to help you make informed, competitive decisions about your pricing and product selection.
Using an FBA calculator can help you make quick, informed decisions about products and pricing, and ensure the profitability of your business.
There are dozens of FBA calculators available. There’s Amazon’s own calculator and other web-based tools with various additional features. There’s a range of browser extensions, which make it really quick to calculate fees when browsing existing products on Amazon.
For sellers who want to experiment with factors like size and weight, or who just prefer to work in Excel, there are spreadsheet-based calculators.
In this post we are going to highlight the best Amazon FBA calculators of each type, and explain all the pros and cons.
From shipping orders and synchronizing inventory, to connecting sales channels with QuickBooks, Teapplix has back office automation nailed
With over ten years in the software business, Teapplix has carved out a unique position for themselves. They’ve made back office automation their focus. Teapplix helps sellers maximize the speed and accuracy of their shipping, inventory synchronization and accounting operations.
Back office operations may not be glamorous, but they are crucial to get right. Shipping has to be fast, inventory levels have to be up to date, and accounting has to be accurate. If you can do a great job of all those, you’ll please a lot of important people: customers, marketplaces and the tax authorities!
With a decade of continuous enhancements, Teapplix has reached a level of sophistication and reliability to meet the needs of most ecommerce businesses. Teapplix is used today by eBay and Amazon sellers handling from 10-20 orders per day to thousands of orders per day.
Do you know your inventory turnover ratio? Here’s the simple formula to calculate your inventory turns, what it means and why it matters.
This post is by Chinh Nguyen, Co-founder and VP, Marketing and Revenue at Finale Inventory.
As an ecommerce business owner, customers all over the world can view and buy your products in an instant. This allows your inventory to move at a much faster pace than in brick-and-mortar stores.
When your inventory is managed well, it can lead to long-term success for your business, making your inventory turnover ratio an important topic to know and understand. There’s a lot you need to know about inventory turnover for ecommerce, and we’re here to answer all of your most pertinent questions.
From faster payouts for Amazon sellers, to upfront growth capital and support for 15+ marketplaces, Payability is moving really fast this year.
If you ask any online seller about their goals, you’ll hear two things almost every time: they want to grow their sales and they want to sell on more marketplaces. The first goal is essential, more sales means more profit, and a more successful business. The second goal, selling through multiple channels, makes the business a lot less risky.
These goals may sound simple, but they aren’t easy to achieve. To grow, ecommerce businesses need cash. You can only sell more if you have the funds to buy stock in larger quantities and quickly take advantage of new growth opportunities. Likewise, diversifying across multiple marketplaces takes a lot of effort to set up on each platform, to build sales and to manage everything day-to-day.
It’s been a year since we last talked about Payability, and its innovative service to help Amazon sellers get their payouts daily, now known as Instant Access. Things have moved really quickly since then.
Payability has a new service called Instant Advance, which provides ecommerce sellers with a big cash injection quickly to help grow sales. It has also expanded beyond Amazon, and now supports 15 marketplaces and shopping carts in total. Clearly this is a business moving as fast as the online sellers it supports.