net businesses have problems paying sales tax in multiple states.
jared vogt at avalara explains why his company’s online tax-compliance service is so crucial
businessweek: about $20 billion is lost by state governments every year to uncollected online sales tax, according to independent accounting research company bay street group. as states become aware of this monumental shortfall, they are beginning to aggressively audit companies doing business across jurisdictional lines and stiffen the penalties for tax violators, as well as redefine the term “nexus,” or what it means for a company to have a tax-liable physical presence in a state. read the full businesweek article.
get the bay street group research report, “the looming crisis in cross-jurisdictional internet sales tax compliance,” prepared in conjunction with avalara.
infoworld: the compliance burden here is a potential nightmare, provided it plays out the way avalara says it will. every transaction must be weighed against the sales tax jurisdictions of both buyer and seller as well as any third-party intermediaries. screw it up and you’re in hot water. they’ve got an interesting white paper on the topic of sstp.
bay street group research also featured at:
— kiro tv (seattle)
— e-commerce times
— crm buyer