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Don’t let Black Friday blind you to sales tax obligations

TaxConnex

Holiday shopping season is here again – and eCommerce looks to be bigger than ever. Overall eCommerce sales will still hit nearly $1.30 It used to be that you could create nexus only through a physical presence - an office or stored inventory in a state, among other methods. Watch changing regulations. last year).

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Cyber Monday again breaks records

TaxConnex

Overall eCommerce sales are predicted to reach almost $1.3 All states with statewide sales tax have set economic nexus thresholds in recent years. Sales tax rules change all the time: Pennsylvania, for instance, just ruled on nexus for sellers with inventory in an Amazon warehouse. trillion in the U.S. trillion last year.

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How this accounting firm nearly doubled productivity and reinvested the time in its team

Xero

This can take its toll on accountants, with our recent State of Accounting research in South Africa revealing that two thirds (64%) experience stress as a result of work and face continued challenges like loadshedding (75%) and economic instability (71%). But it’s great to see them embracing change too.

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Simple money management moves for your side hustle!

Reckon

Guest post blog by Catherine Schwartz Today, having more than one income stream is completely feasible. Compared with only 24% of boomers, in the United States, 50% of millennials and 46% of Gen Z have side hustles, with the most popular choices nested in technology. Do Millennials and Gen Z dominate the side hustle stakes?

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Interesting Niches under a COVID Cloud

BuildYourFirm

Social Media Businesses – While travel and hospitality are down, many entrepreneurial independents have created a thriving business on YouTube, blogging, and becoming an influencer. Accounting for Digital Media (YouTube, Amazon FBA, Bloggers, eCommerce businesses). Accounting for Cannabis (as more states change legislation).

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Can eCommerce Overcome The Strain Of COVID-19?

PYMNTS

While it is the only option for many retailers, eCommerce is running into its own limitations under the pressure of the COVID-19 crisis. The most concerning news about those limitations comes as retailers get a handle on how and why eCommerce orders have spiked since stores started closing at the end of February.

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OfferUp, letgo To Merge As Biz Nets $120M In VC Funds

PYMNTS

OfferUp has been winning recently, closing out a $120 million funding round and acquiring its top competitor, letgo , according to a blog post on the company’s website. Both OfferUp and letgo are some of the larger third-party eCommerce sites outside of the biggest names like Amazon and eBay.

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