Sales tax online
A lot of people have opinions about whether or not purchases made on the Internet are subject to sales tax. The Streamlined Sales Tax Commission has been trying for more than a decade to get enough states to agree on how to simplify the sales tax system and move forward so that states can get a piece of the Internet retail action. Not an easy task. The arguments continue to focus on a 1992 Supreme Court ruling (Quill vs. North Dakota) that concluded that a company can't collect sales tax in a state if the company doesn't have a physical presence in that state.
Like so many laws, Quill was decided BE (Before eBay) and BA (Before Amazon), and who the heck (besides Jeff Bezos and Pierre Omidyar who wanted to help his wife expand her Pez dispenser collection) could have foreseen how these companies and so many others would change our lives? Anyway, the latest variant on the Streamlined Sales Tax Project is legislation called the Main Street Fairness Act - maybe that's a more user-friendly name, but the end result will bring the states one step closer to being able to line their pockets (and repair their roads) (Ahem, Michigan!) with some of the revenue that has been lost due to the online retail craze.
Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.
Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.
Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.
Caleb spends a lot of time on a bicycle and reading, but never at the same time.