In a recent court case, the Supreme court ruled in favor of state governments collecting beyond border taxes from online retailers.
Previously, states could only collect sales tax on businesses that had a physical location in the state, however, the new law states that online sales in that state can be taxed.
While stocks of amazon took a small hit, the company does already collect the sales tax. The issue will be for smaller companies like Etsy that function on businesses of one; individual sellers on the site that will now experience diminished sales.
If you have tax concerns or are a small business with questions, feel free to contact our office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Or now by text at 816-944-0251.