Tax & Accounting Blog

Marketplace Fairness Act: Getting Ahead of the Game

Indirect Tax, ONESOURCE, Sales and Use Tax, Sales Tax Calculation June 12, 2013

During a recent interview with Accounting Today I discuss several key things that businesses can do to get ahead of the game on the Marketplace Fairness Act.  Should it pass the House and become law this act will require all online vendors to collect sales taxes from their customers.

The first thing to do is to determine the tax exposure that the particular business will have. How much is at risk and how much is it going to impact the business? Read the Source Article