In Pursuit of Profit
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 Remote work has always been an attractive proposition to employers because they can maintain productivity while cutting costs. Prior to 2020 having a remote workforce was an optional decision. Despite the benefits, many companies still chose to maintain employees in-house to foster a positive organizational culture and reduce technology needs. However, the recent pandemic has proven that external factors can influence the workforce at any time. This has necessitated organizations to be ready to manage the challenges that accompany virtual work even if they do not plan to have employees working remotely permanently.
Managing a remote workforce creates numerous barriers to “business as usual.” Cultural shifts occur, technology demands increase, security risks arise, performance criteria change, and bookkeeping must keep up as well.
While some states like Oregon do not have sales tax requirements, other states, like Washington, double down with both statewide and local sales taxes. Washington’s state sales tax of 6.5% combined with local taxes can total as much as 10.4% depending on the municipality, creating a sizable figure for businesses selling in these areas to manage.
As an e-commerce owner, you need to understand what your sales tax obligations are, determine how shipping costs factor into the mix, and practice crucial oversight. |
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6/24/2020