Tag Archives: “taxes”
Boo to the “Amazon Tax”
New York recently enacted a new tax law that requires Internet-based retailers to collect sales tax from customers based in New York. The tax has been informally dubbed the “Amazon Tax”. If you do any kind of online shopping you know that most of the time you don’t get charged sales tax on your purchases. The times that you do, it’s because the retailer has a physical location in New York. While the retailers don’t charge you sales tax, we’re actually supposed to report purchases made online on our state tax returns and pay sales tax. But no one ever does this and it’s hard to enforce.
Managing Personal/Business Finances
I pretty much use only 1 credit card for all of my personal expenses and 1 credit card for all of my business expenses. If I can swipe, I’ll swipe instead of using cash. It’s just so much easier to manage especially with online account access and statements. My main card is a rewards card so even though it’s not much, I’m still getting a little bit back. When the monthly billing date comes around, I simply pay the statement off using electronic transfer from my checking account. This makes my personal expenses incredibly easily to manage and lets me import everything into Quicken (I may move to Quickbooks, but Quicken is enough for now).