Nicely said!!
------------------------
Keith Smith
--- On Wed, 5/8/13, JD Austin <[email protected]> wrote:
From: JD Austin <[email protected]>
Subject: Re: OT: Internet Sales Tax Passes the U.S. Senate
To: "Main PLUG discussion list" <[email protected]>
Date: Wednesday, May 8, 2013, 5:16 AM
I'm calling a little BS on your over simplification Bryan; you certainly DID
NOT have to deal with more than one one state's sales tax rules unless you had
a physical presence there. There are even different rates for different kind
of sales; it is not a simple thing at all and is disingenuous to pretend it is.
Just having to deal with periodic tax updates alone on a national level is a
burden unless you're a huge company like Amazon. Imagine having to pay More
than you collected because it wasn't up to date. How would you send that
money to each state? Would a business need a bank account for each State like
they do for just a single one? It adds a lot business overhead that foreign
competition selling online won't have and it's second and third order effects
will drive down wages, increase prices, and frankly shut down a lot of
business that has a low margin of profit. It is totally an American dream
killer. Those same
companies will be subject to other federal legislation that vastly increases
business overhead too.
Also 10M a month is a lot different than 1M a year. Sales! = profit; this will
finally be the big push that causes people with no real skills to lose their
jobs to robots or to Foreign countries.
JD
On May 7, 2013 11:44 PM, "Bryan O'Neal" <[email protected]>
wrote:
Ken. If you are not recording your sales you are already screwed. If you are
then your accountant will have the software required to do your sales tax. If
you are doing over a million in internet sales but can not afford a few K for
an accountant you are also screwed. If you whole business will collapse because
of a new $1500 fee, you should not be in this business I was an accountant for
a company that did 10mill in sales every month and 3 of us took care of
everything including the consolidated statements on several dozen subsidiaries
and investor payouts not to mention the thousands of vendor invoices we
processed every month. The only thing we farmed out was payroll and you know
what - it is not that bad.It is not going to be hard once it becomes common. I
Regarding xen to quick books - again - weekend project for a friend who did far
less then you apparently do. But I question what accounting software you do use
if this is all way to much for you and you fear your current provider would not
support you. Particularly when it is really not that big of a deal. Sure I
would not write one from scratch for free - that is what peachtree, timberline,
intuit, even freaking xTuple are for (the have a staff of professionals paid to
make things easy for you). Don't freak out, don't fire people, don't close your
doors, just be aware that you will need to talk to your accountant. And again,
if you do over a mill in sales and you don't have one - god help you.
And no if your margins are low you may not make much at all off of a mill in
sales. The value is reasonable to separate a hobby from a business And if you
are in business you should be capable of having a part time accountant process
your orders through their software and spit you out a report once a week.
But I will also say if you are just scraping by, and you are not able to grow
your unit sales or decrease your costs significantly year after year, then you
probably should be looking for another job anyway because stuff like this
happens. You get a spike in bad customers, a rash of lost items in the mail, a
new set of international tariffs or additional customs procedures, or - some
one else who is doing it better then you. That is the nature of business.
On Tue, May 7, 2013 at 8:43 PM, keith smith <[email protected]> wrote:
This is interesting. Most think a mill a year in sales is a lot. It really is
not. Not from my experience. If you are doing a mill a year online you
probably have a lot of overhead.
You talk about doing the reporting on line. Who is going to do it and how is
going to ensure the right info is reported? Someone will work more or an
additional person will be required.
And I do not think we would " pipe xen cart on LAMP into quick books on windows
real time" The correct amount of sales tax must be figure during the sale
based on local.
I work with these issues on a daily basis. it is going to be a nightmare.
------------------------
Keith Smith
--- On Tue, 5/7/13, Bryan O'Neal <[email protected]> wrote:
From: Bryan O'Neal <[email protected]>
Subject: Re: OT: Internet Sales Tax Passes the U.S. Senate
To: "Main PLUG discussion list" <[email protected]>
Date: Tuesday, May 7, 2013, 6:31 PM
Data exchange can be done - If I can pipe xen cart on LAMP into quick books on
windows real time after a weekend of playing around I am sure some one like
intuit will have way to cover you. That said - it will take a year or two for
the dust to settle and it will cost people to comply. But if you sell $1M/year
and you can not afford a $1500 bump in expenses I would say your margins are
too thin to survive. As far as remittance most
states allow you to do the monthly remittance online. I wrote a simple script
for the sate of AZ so again, I think biger software companies can handle making
it very simple for you. And again, if you are doing a mill in sales and you are
not using some form of software that has active development you will have
problems.
What I am trying to say is the concept is not as daunting as it may sound. The
problem is not in the concept, however the execution will be very painful. And
this will cause a lot of problems for a lot of people.
On Tue, May 7, 2013 at 6:19 PM, keith smith <[email protected]> wrote:
It will not be as simple as tying one software package into another. What if
the provided software runs on Win8 and your cart is running on a LAMP server?
------------------------
Keith Smith
--- On Tue, 5/7/13, Bryan O'Neal <[email protected]> wrote:
From: Bryan O'Neal <[email protected]>
Subject: Re: OT: Internet Sales Tax Passes the U.S. Senate
To: "Main PLUG discussion list" <[email protected]>
Date: Tuesday, May 7, 2013, 6:11 PM
The real problem is internal US internet sales will be less competitive. The
regulations will be difficult at first but within a few years they will just
tie the sales software into the tax software and it will be easy to calculate
and deal with in real time with very little additional cost. The solution to
competition is either use of an import tax or forcing compliance on any one who
sells inside the us. And
our sales to the outside will not be effected because other countries are not
doing this... So purchasing from the US if you happen to be in some non US
company looks just the same. In all truth... Sales tax is more progressive then
income tax, so.... I am not sure I have an issue with it more then the
predefined statement that TAXES ARE TOO DAM HIGH!
On Tue, May 7, 2013 at 5:41 PM, Jason Poulter <[email protected]> wrote:
It will just force people to buy things from sites and countries where they
don't collect taxes , so really justs hurt the economy more losing out on sales
that make economy better
Eric Cope <[email protected]> wrote:
http://blog2.easydns.org/2013/05/07/go-ahead-pass-the-internet-tax-your-foreign-competitors-thank-you-in-advance/
On Tue, May 7, 2013 at 1:55 PM, Stephen <[email protected]> wrote:
I also envision allot of quote building instead of online direct purchase.
On May 7, 2013 1:43 PM, "keith smith" <[email protected]> wrote:
Great idea. Phone orders only, placed through a local terminal not the
website. Excellent!!
------------------------
Keith Smith
--- On Tue, 5/7/13, James Finstrom <[email protected]> wrote:
From: James Finstrom <[email protected]>
Subject: Re: OT: Internet Sales Tax Passes the U.S. Senate
To: "Main PLUG discussion list" <[email protected]>
Date: Tuesday, May 7, 2013, 10:11 AM
I predict "call to order" then the sale is not an "internet sale".
Much like companies are cutting employee hours to avoid obamacare people will
find a way to avoid this.
James Finstrom
ಠ_ಠ
On Tue, May 7, 2013 at 9:19 AM, JD Austin <[email protected]> wrote:
Great.. one more way to KILL small business by making them less competitive and
increasing their overhead. Companies will just adapt to this BS (and regular
employees will pay for it).. getting close to 1M/year... time to SPLIT THE
COMPANY.
-- JD Austin
Twin Geckos Technology Services LLC
http://www.twingeckos.com
Voice: 480.269.4335 (480 2MY Geek)
[email protected]
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
AZTelcom Solutions
[email protected]
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-The Open Tech
Guyhttp://[email protected]
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
Xorcom USA
Technical Support
[email protected]
On Tue, May 7, 2013 at 8:52 AM, Lisa Kachold <[email protected]> wrote:
Keith:
On Tue, May 7, 2013 at 8:48 AM, keith smith <[email protected]> wrote:
The U.S. Senate passed the Internet Sales Tax Bill. Jeff Flake's office says
he voted against it and John McCain's office said he voted FOR it.
It is being reported there in some 9,600 taxing authorities in the U.S. Add to
that 560 or so Indian tribe taxing authorities. That is over 10,000 taxing
authorities. Yikes!! Any company with 1 million in sales will be required to
comply. I can tell you that a company that has 1 million in sales is not a big
company. That online retailer might consist of 2 or 3 employees with some
additional help from a number of consultants and potentially a fulfillment
center.
>From first hand experience, I would say this law, if passed by the U.S. House,
>will cause a bunch of small online retailers to either go out of business or
>reduce sales through raising prices or some other
method.
This may very well play out like ObamaCare where companies are reducing the
hours of their employees so they have less than 50 full-time employees. In
other words we will experience the unintended consequences of these laws.
These polices effect each of us.
Yikes, yes! And that will provide the revenue to expand Internet government
regulation and compliance.
Sadly, it had to happen.
------------------------
Keith Smith
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