Join us for this live webinar on Thursday, September 24 at 10 a.m. Pacific, 1 p.m. Eastern. Register here for free.
Death and taxes are often linked, if for no other reason than doing one makes the other seem not so bad. Both also share the trait that they tend to sneak up on people. And there’s no time when a tax surprise is less welcome than in the middle of an IPO or an acquisition. But how can taxes — especially sales taxes — be a surprise to a business? The number of ways is itself surprising.
Consider this: Your company has a reasonably flexible corporate telecommuting policy and when the nature of day-to-day work makes a telecommute wise, your people are empowered to do it. On this particular day, a child with an unscheduled flu forces one of your executives to head to his or her home-office. And it just so happens that the corporate office is 20 minutes away, in a neighboring state. Poof! Today you have nexus in a state where you didn’t yesterday. You have to charge sales tax for shoppers today — shoppers who would have had a tax-free experience yesterday.
It’s hard enough trying to master the shifting tax landscape everywhere you have a physical presence, but that reality can shift from day to day. And it doesn’t have to be caused by a corporate acquisition, when a casual flu bug can do it.
Want something very unentertaining? Try figuring out the taxes when you try and sell a piece of entertainment. If you sell digital downloads, a sports event is taxed differently than a music concert. And it depends on the state. And the county. Unless you’re in a geography where content distribution is sales-tax-exempt because it is covered by an admissions tax scheme.
Then there are audit issues. With digital sales, your company can lapse into international sales without even trying.
To figure this all out, the head of e-commerce for a footwear site will be joining us — with three physical stores and plans for a dozen more, a business-to-consumer site, a business-to-business site, 100 full-time workers in the U.S., plus a couple of hundred outside the U.S., mostly at their Chinese manufacturing operation (The states where they have tax responsibility can double — or be cut in half — from day to day.) We’ll also have a media company CFO and an attorney specializing in tax issues, all ready to share their secrets about managing the annoying complexities of sales tax.
Scott Cohn, Vice President of eCommerce, Chinese Laundry
Lisa Serwin, CFO, VentureBeat
Jordan Goodman, Sales and Local Tax Partner, Horwood Marcus & Berk
Moderator: Evan Schuman, VentureBeat
This webinar is sponsored by Avalara.
VentureBeat’s mission is to define innovation for forward-thinking executives. Founder Matt Marshall covered venture capital for the San Jose Mercury News until he left in September 2006 to launch VentureBeat as an independent compan… read more »
Avalara, Inc. is a leading cloud-based software platform that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, such as VAT. Avalara easily integrates with leading ERP and ecommerce soft… read more »
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