Recently, there has been a lot of attention dedicated to online businesses’ responsibility for sales tax. There are questions about how the current situation affects small local businesses, emerging online businesses, and state and local government revenues. As is usually the case with taxes, the answer is complicated.
Maddox Thomson & Associates Partner Rebecca McElroy was recently interviewed by Benzinga for an article entitled “The Amazon Tax Predicament.” You’ll find that that the topic is bigger than Amazon. If you have an e-commerce site or own a brick and mortar small business, you should care. Of course, it may also matter if you’re an investor, customer or taxpayer.
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