If you didn’t collect and remit sales tax in your Amazon FBA biz, this new tax amnesty program lets you off the hook. Yes, really! Amnesty for back business taxes you didn’t pay? Yes please! The Multistate Tax Commission (which you probably haven’t heard of before now) recently created a program offering sales tax…
VAT Tax Updates + Tools for Digital Product Sales
If you sell digital products overseas, the European Union (EU) has passed updates to the VAT tax that will affect you and your accounting. If you are unfamiliar with the VAT, here’s a down and dirty overview. VAT stands for Value Added Tax. In this system of taxation, goods and services are taxed at each step…