Iowa’s new tax laws for buying/selling online, coming soon
Anything you buy off Amazon is going to become more expensive.
I do not intend to write so many website tips on Amazon, but they are smashing the news headlines for “selling products online”.
If you’re thinking of selling anything online for your business, or buying anything online then you’ll need to be aware of these new tax rules that will go into effect soon.
Chancellor Hammond’s “proposed ‘Amazon Tax’ on online retailers and President Trump’s new tariffs on Chinese goods and materials will create a ‘perfect storm’. This will lead to soaring online prices” according to this article here
If you continue reading the article linked above you see it will effect these types of items being bought and sold online:
- nickel-cadmium batteries are used in several Apple Products
The new laws, which vary by state, allow states to require the collection of state sales tax from eCommerce sellers whether or not those businesses physically operate within a state’s borders.
According to a report linked here these online tax laws went into effect October 1st, 2018 for these states:
- North Dakota
Similar laws are expected to go into effect in Connecticut and Iowa in the coming months. #IowaOnlineTax
In 1992 only 2% of U.S. adults had access to websites. Today, nearly 90 percent of adults do and eCommerce sales totaled roughly $453 billion in 2017, or about 10% of U.S. retail sales.
You know selling online is getting serious when you read those numbers. What are you waiting, create an online store today! Check out my other blogs to get started with a free trial of Shopify.
If you were thinking of drop shipping before, then you might want to do it now so you can see how affordable these over sea’s products are and as we know now, Trump is going to make these products more expensive to ship to USA.
Like being updated about your current tax laws? Follow my blog as I will be updating myself and all of you on the best practices to buy and sell online!
Placing HTML code on your website
Where to place html code on my website?
Go Daddy Website Builder Site Wide Code On the left hand side there are three bars, click that, tabs will pop up, click site-wide code and paste in the <HEAD> section. Unless it makes sense to place your code in the <BODY>.
Placing Google Analytics code on your Google Site is in the three dots on the right hand side before the blue publish button, drop down says "site analytics" and asks for your ID which you can find in your google analytics account under settings, tracking info, and its the big font top left.