legislation
The Federal Trade Commission announced in a press release today that it will soon be publishing clarifications to the CAN-SPAM Act of 2003. The following topics are to be addressed:
(1) an e-mail recipient cannot be required to pay a fee, provide information other than his or her e-mail address and opt-out preferences, or take any steps other than sending a reply e-mail message or visiting a single Internet Web page to opt out of receiving future e-mail from a sender.
(2) the definition of “sender” was modified to make it easier to determine which of multiple parties advertising in... Read more
Tags: CAN-SPAM, E-Commerce and E-Business, email marketing, law, legal, legislation, Marketing, Marketing Your Business, news, Rebecca Button
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To follow up with my previous post Internet Sales Tax Looms for NY…Will It Catch On? I posed a question along the lines of "do you think it should happen/is it a good idea?"
As of June 1, 2008, the legislation will go into effect, requiring internet retailers to collect a sales tax on any orders being shipped to the state’s residents. This legislation was largely enacted to keep online retail Goliaths (namely Amazon.com) in check and attempt to "level the playing field" for brick and mortar stores in the state.
Amazon has now responded by suing the New York... Read more
Tags: Amazon.com, law, legislation, new york, ny, online retail, online sales tax, Rebecca Button, sales tax, state taxes, taxes
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Published April 24th, 2008
Interesting…very very interesting.
Do you think states should be allowed to levy a sales tax on online purchases?
Well according to a WebProNews.com post , New York is attempting to test those waters. Legislators are trying to pass a bill titled the "Amazon Tax" and are targeting online retailers who are not located in New York. The sales tax would be attached to any items shipped to the state. Proponents of the bill say it will help level the sales tax playing field for brick and mortar retailers and they estimate it will generate around $50 million in tax revenue... Read more
Tags: Amazon.com, government, internet, legislation, Rebecca Button, Sales, Tax
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Published April 10th, 2008
How would you feel about hiring an accountant who puts the interests of the IRS before those of you or your business? What’s that you say? You wouldn’t like it? That’s what I thought you’d say…but what if I told you you had to?
Unfortunately, that may be the case.
(I mean, I won’t force you to but a much stronger influence might…what was their name again?…..oh right! The Government.)
The Small Business and Work Opportunity Tax Act of 2007 stipulates that those who prepare returns containing an understatement of tax due - which the preparer "knew or reasonably should... Read more
Tags: Accounting, Finance, Finance and Accounting, government, legislation, Rebecca Button, small business, taxes
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Published March 17th, 2008
The Regulatory Flexibility Act was passed in 1980 but continues to prove that it is a valuable piece of legislation for small businesses over 2 decades later. The act is designed to make federal agencies evaluate how their regulations will impact smaller businesses and then look into how to make it easier on them economically and still comply with the regulation.
The Small Business Administration recently released a report on how the RFA did in 2007. The results showed that it has "realized $2.6 billion in first-year cost savings and $285 million in annually recurring savings." How’s that for good... Read more
Tags: Accounting, Finance, Finance and Accounting, legislation, Rebecca Button, Regulatory Flexibility Act, small business
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Published March 11th, 2008
For years now, consumers have enjoyed the benefits of being able to use their Visas, Mastercards, American Expresses, etc. practically anywhere there are things to buy. Consumers sign up for credit cards to pay off other credit cards and with the ease and accessibility of online shopping, the credit industry is booming.
What consumers don’t know (or didn’t) is that the cozy relationship between merchants and credit card companies, isn’t really all that cozy. Up until now, credit card companies have imposed what is called an "interchange" fee on merchants every time a consumer uses a credit or debit card... Read more
Tags: Accounting, congress, credit card, Finance, Finance and Accounting, legislation, news, Rebecca Button
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