Ecommerce Industry News
What do you do if you fear IRS scrutiny for selling items you inherited? Tax guru and small-business expert Barbara Weltman, founder of Big Ideas for Small Business, Inc., delved into this issue for those […]
eBay launched a new “Tax Information Center for eBay Sellers” as new tax rules that impact sellers’ 2022 revenue are in place. eBay said it partnered with TaxAct, a do-it-yourself tax-preparation service, “to help untangle […]
The IRS published a new tax tip in its email newsletter it sent to small businesses on July 22, 2022. The crux of the tip: if your hobby earns income, you must report it on […]
Online shoppers in Colorado will pay a new fee for their purchases beginning July 1, 2022. But similar to state sales-tax laws, the Colorado Retail Delivery fee will require retailers and marketplaces to collect it, […]
eBay announced today it had joined the Coalition for 1099-K Fairness – though a visit to the website reveals eBay cofounded the group along with Etsy, Mercari, OfferUp, Poshmark, Reverb (owned by Etsy), and Tradesy […]
Sellers have a lot on their plates already, so the IRS Form 1099-K is one more tax-related headache with which they must deal. In addition to the Federal requirement, some states have initiated their own […]
In 1789 Ben Franklin penned that, “in this world nothing can be said to be certain, except death and taxes,” which still rings true to this day. Some people may think that it is odd […]
Etsy asked sellers to sign an online petition on the issue of Digital Service Taxes. The invitation came in the form of a post on its Announcement board on February 16th. In the announcement, which […]
Merchants who sell products online and/or in bricks-and-mortar stores may receive a statement from their payment processor called Form 1099-K, Payment Card and Third Party Network Transactions. There is much confusion about the form and […]
Amazon is raising fees in the UK to cover the country’s new Digital Services Tax. Amazon told sellers it had entered into discussions with the government to take an approach that would not impact its […]