Posts Tagged ‘virtual business’

Calculating Internet Sales Taxes

In an earlier blog (Internet Sales Taxes) we looked at where the U.S. stands on implementing sales taxes for internet sales in states where the seller lack nexus. The bill passed by the Senate (Marketplace Fairness Act) is intended to level the playing field for brick and mortar and internet businesses and address tax concerns expressed by states. That discussion touched on what the impact would really be and whether it actually did level the playing field. Again, this bill now Read the rest of this entry »

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Virtual Business

This is going to be a rather short posting about virtual business. Regardless, it hopefully will make you think about how you operate your business.

What is Virtual Business?

Wikipedia defines a virtual business as one that employs electronic means to transact business as opposed to a traditional brick and mortar business that relies on face-to-face transactions with physical documents and physical currency or credit. Yes, I know Wikipedia has its limitations, but in this case the definition is a pretty good one.

So What?

If you are strictly Read the rest of this entry »

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