Based on current prices, that means the stock would have to close above $13.00 or below $8.72 on Friday for buyers of a straddle to make money. An options strategy known as a straddle, which is a pure volatility play that includes buying bullish (call) and bearish (puts) with the same at-the-month strikes, with expiry Friday, is currently priced for a one-day post earnings move of about 19.7% in either direction on Friday, according to FactSet data. Snap is slated to report earnings after Thursday's closing bell. Options traders are ready for a big move in Snap Inc.'s stock on the day after the social media company reports third-quarter results, but it's actually less than the average post-earnings move. Our Ecommerce sales tax service makes it easy to budget for your sales tax compliance costs by providing a fixed price service, including special sales tax compliance bundles for Amazon FBA Sellers.Snap stock option traders ready for a 20% post-earnings move, but that's less than usual We also help configure all of your systems and implement processes for your business to follow to stay compliant. We leverage cloud technology to connect to your marketplace, shopping cart, and inventory/order management systems to pull together all the information necessary to manage sales tax effectively. Our cloud accounting service for Ecommerce business includes sales tax compliance across the United States.
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We understand the complexities of sales tax compliance for online sellers as well as how to implement a manageable sales tax compliance process. We can help you understand your liability and put together a process to get compliant while minimizing penalties and interest.Īcuity provides a complete sales tax management service for our ongoing monthly customers. You worry that this money will be coming out of your cash flow. That can be a pretty big compliance headache.Īnd what do you do if you haven’t been collecting properly? You know that you not only have to file but you might also have to pay back sales tax in multiple states and it’s too late to collect from your customers. If you are an Amazon FBA seller and you’re making sales to customers in any of those locations, you should be registered, collecting, filing returns and remitting sales tax in each of those jurisdictions. To make matters worse, for Amazon FBA (Fulfillment by Amazon) sellers, Amazon’s FBA service creates sales tax nexus for your business in the 22+ states where Amazon has warehouses. Understanding collection requirements, configuring your shopping cart or marketplace, managing the sales tax collected, and filing the returns is a complex and time consuming process.
You should be aware that this is a liability issue for your business now.Ī big challenge for an Ecommerce business owner is managing sales tax compliance. And it doesn’t matter if other people are following the rules or not. It doesn’t matter whether the business is online or brick and mortar. What is nexus? It is where your business has a significant presence (offices, employees, sales reps, and property (including inventory)). You’ve bought products on eBay or Amazon, and the sellers didn’t charge you sales tax, so obviously sales tax must not apply.ĭespite what some people believe, any business that sells taxable products needs to collect sales tax in the jurisdictions where they have nexus. You think you don’t have to worry about sales tax when you sell online. For those new to sales tax, we know what you’re thinking.
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