Online Taxes: What should small bus do?
My wife and I have a small online business. Both our website and other unrelated sites sell a few of our products. Problem: We are not sure how we are affected by online taxes and any tax obligations. Do we have to charge customers taxes? Is it cheaper to use one of our foreign businesses to do sales, in an effort to keep costs down for our customers.If we have to charge taxes, it makes it virtually impossible to compete with the larger billion dollar companies that can undercut us because of their size and ability to undercut us. How can our leaders expect small businesses to grow if we are held to higher standards than billion dollar entities. It would make sense for an income based tax so that firms generating under $100,000 would be charged a significantly lower tax than firms generating $100,000,000, etc.)
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