Local company develops system to collect internet Sales Taxes
Starting next month, Connecticut will be forcing more internet retailers to charge the stateSales Tax, and a Connecticut company has developed the software system to make it happen.
This year’s Cyber Mondaymay be the last time you’ll be able to find internet sites that don’t charge the state Sales Tax on your purchases.Major retailers like Amazon are already doing it, but a Supreme Court ruling earlier this year and new technology makes it easy to charge and collect Sales Taxes from all internet retailers no matter where they are.
A Norwalk-based company called TaxCloudhas developed the software that makes charging and collecting the Sales Tax easier no matter where the internet retailer is located.It’s been complicated in the past because Sales Taxrates vary all around the country. In some places, there’s both aState and City Sales Tax with different rates.
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