One of the most annoying parts of running an Ecommerce business is paying taxes. It's not so much that you have to pay the taxes (ok, that's not very fun). But oftentimes the bigger problem is making sure you're doing it the right way. And you're doing it on time. And you're paying enough taxes. But...
- Are you paying too much in taxes?
- As an Ecommerce business owner, how are you collecting the taxes and delivering that money to the right place, whether it's the federal government or the states?
- What if a customer is in a different state? Then are you required to collect taxes for that state? And how do you actually remit them?
- Why is it so hard to pay your taxes correctly for a small business owner?
This is a complex topic, and unfortunately we see taxes hold up a lot of transactions when we get ready to sell companies. Fortunately, we've brought on someone to the show today who can help with these questions - Lahari Neelapareddy, Founder and CEO of TaxHero).
This episode of Deal Closers is hosted by Izach Porter, brought to you by WebsiteClosers.com, and is produced by Earfluence).
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