It's Time to Prepare for Internet Sales Tax | AccountingWEB

It's Time to Prepare for Internet Sales Tax

The Gartner research group has issued a warning that the current freeze on Internet sales taxes is temporary at best and that businesses involved in e-commerce should begin now to prepare themselves for the inevitable.

Predicting that sales taxes on Internet sales will become a reality by 2003, the group suggests that it's not a matter of whether items will be taxed, it's a matter of when and how much.

Gartner recommends that businesses begin planning to accommodate sales taxes by improving their online business model so that it will be able to comply with state tax codes.

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