I know many of you have heard the controversy about Wayfair and Amazon paying taxes. This week’s episode with Kelly really dives into the recent Supreme Court ruling that online businesses must pay taxes and the effect on smaller, primarily online businesses. Brad Scott joins Kelly as a guest to give 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. Scott graduated from Michigan State University with a BA in Finance.
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. Along with these helpful tips, Brad and Kelly discuss if this will ruling stay in effect and how the burden and benefits can vary. The takeaway from this podcast is beneficial by hearing an insider’s experience and opinions on the matter, while also learning the expectations and what comes next.
Listen to Kelly and Brad Scott talk Tax Rulings, as well as:
- Discover About Complying with The Wayfair Ruling
- Which Rules Apply to You?
- Necessary Educational Expenses to Comply
- Deciding on Where to do Business
- The Challenge of Keeping up with Changes
- Brad’s Hope to Uniform Taxes
- Does Compliance Benefit or Burden Taxpayers?
- It is not All About the Cost
- 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
Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info and tax policy. In each episode, she shares conversations about taxes, money and the choices we make. Kelly is a practicing tax attorney who works with taxpayers like you every day. She helps folks out of tax jams, and hopefully, keep others from getting into them.
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