Samir Husni, better known in the world of media as Mr Magazine, is in South Africa as part of a Media24 conference to train and assist its magazine staff. Michael Bratt attended an event where Husni gave a talk about how he sees the current magazine landscape and what could happen in future. There are certain things that magazines need to do in order to stay relevant and successful, however. “There needs to be a shift from counting customers to customers who count. Every publication is worried about large readership but they should be focused on becoming experience makers whose innovations and creations must grab, keep and ensure a repeat,” Husni says.
Four more states’ sales tax collection statutes and regulations that require online retailers to collect sales tax on online orders from residents go into effect on Thursday, Nov. 1. They are New Jersey, North Carolina, South Carolina and South Dakota.
The new standards, the details of which vary by state, apply to online retailers that do not have a physical presence in the taxing jurisdiction.
The moves stem from the states acting quickly in the wake of the U.S. Supreme Court in June ruling in the South Dakota v. Wayfair Inc. case that, for the first time, states and local governments could require online retailers to collect sales tax even if they don’t have a physical presence, or nexus, in the state or local tax jurisdiction.
As a result, states are scurrying to tap online sales as a new revenue stream. For instance, North Carolina’s Department of Revenue in August issued guidance that explained the particular parameters that would necessitate an online retailer to collect and remit online sales tax in the state; merchants that have gross revenue from remote sales that exceed $100,000 or that have 200 or more separate transactions must register and begin collecting and remitting tax by Nov. 1, or 60 days after meeting the threshold.
The states are reclaiming their authority over sales tax collection, says Jason Brewer, executive vice president, communications and state affairs at the Retail Industry Leaders Association. “States, in their own way, are implementing either via regulation or statute what they need to promote or compel sellers to comply,” he says.
As of Nov. 1, 22 states will have statutes or regulations in place to require sales tax collection by remote sellers, according to Vertex Inc., a tax technology company.
more at source: https://www.digitalcommerce360.com/2018/10/31/four-more-states-online-sales-tax-laws-go-into-effect-on-nov-1/