1099-K: History and Hints

Section 6050W of the IRS tax code came with the Housing Assistance Act of 2008 (although it’s completely unrelated to housing) and introduced us to the 1099-K. Known as the “Merchant Card and Third Party Network Payments” form, the 1099-K is an IRS effort to increase tax compliance and decrease the “tax gap,” or the difference […]

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Is Your Retail Store Ready for Black Friday?

Black Friday and Small Business Saturday are right around the corner. The first thing that comes to mind for most businesses and customers is, of course, the big discounts during this notorious shopping weekend! Sales and promotions are hard to execute to their full potential when they’re planned last minute. If you haven’t already, start […]

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Is Your eCommerce Site Ready for Black Friday – Cyber Monday?

Shopify, the ecommerce platform used by about 500,000 merchants, reported that last Black Friday (2017), $1,138,574 passed through their platform per minute at the day’s peak—almost double the rate of 2016. It was the biggest Black Friday – Cyber Monday (BFCM) to date for Shopify merchants: $1 billion was spent in the four day period. […]

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