This week, Kelly really dives into the recent ruling in 2018 that online businesses must pay taxes and the effect on smaller, primarily online businesses. Brad Scott joins Kelly for an inside look at how the Kill Quill ruling affects small businesses. Brad is the Director of Finance at Halstead Bead, Inc., a jewelry component wholesaler supplying jewelers across the United States and around the globe. Halstead is a second-generation, family-owned, small business. Scott has been with Halstead since 2002. Since May 2019, Scott has led Halstead’s Wayfair legislative advocacy efforts to achieve uniformity, simplification, clarity, and liability limitations for small businesses at both the state and the federal level.
Small Businesses Complying with the Kill Quill Ruling
As Brad and Kelly discuss the tax ruling for online retailers, they also discuss what it means for taxpayers and professionals. Many businesses, taxpayers, and online retailers may not even know if the rules apply to them, or how to comply. Brad and Kelly help listeners learn how to move towards compliance, and what can happen along the way.
Listen to Kelly and Brad Scott talk Tax Rulings, as well as:
- Which Rules Apply to You?
- Necessary Educational Expenses to Comply
- Deciding on Where to do Business
- The Challenge of Keeping up with Changes
- Finding Allies to Fight for Small Businesses
- How COVID-19 Could Change the Ruling
- Complexity is Causing Compliance Difficulties
- Taking the Next Step, Moving Forward
More About Kelly Phillips Erb:
Kelly is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney who works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.
Links Mentioned:
Kelly’s Website – Taxgirl
Brad’s Family Business - Halstead Bead
National Federation of Independent Business- NFIB
American Catalog Mailers Association - ACMA
Online Merchants Guild - OMG
Streamlined Sales Tax Governing Board, Inc. - SST
