5 • 602 Ratings
🗓️ 28 March 2019
⏱️ 27 minutes
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0:00.0 | What does sales tax nexus mean? What about that letter I got from California saying I owe them state tax? |
0:06.7 | We're going to answer these questions and more all about taxes and Amazon on today's episode. |
0:17.9 | How's it going, everybody? This is Bradley Sutton, and this is the serious sellers podcast. |
0:24.8 | We have an amazing episode for you today because this is a topic that is freaking out |
0:31.0 | Amazon sellers around the United States, around the world. |
0:34.3 | Anybody who's selling in America is freaking out about this topic, it is the T word. Taxes. So with me today, I have Paul from the Online Merchants Guild. Now, Paul, first of all, why the heck should we care about your opinion or who the heck are you? Why should we listen to you about taxes? That's a good question. Yeah, so I have a lot of experience. I used to work in |
0:55.7 | H&R Block and then I decided I was going to help a bunch of sellers. I felt that that was good. |
1:00.0 | So I'm just kidding. Sorry, poor attempted. I've been practicing tax law for almost 10 years |
1:08.1 | of the law, sorry, almost 15 years of a lawyer. And just to give a little background before I went into law, I actually was a seller. |
1:15.6 | I was a pre-FBA seller. |
1:17.3 | So we're talking, you know, 02, 03, 04. |
1:19.9 | I discovered retail arbitrage one Black Friday and realized that I can get Rathfam |
1:25.5 | guy or, you know, Seinfeld DVDs and flip them for 40 bucks when I'm buying them. I got two and 03. Wasn't those days still only books or there was already the private label marketplace there? Me, I hate accounting. I hate taxes. I hate all of that stuff. But I guess it takes like a special kind of person to really be able to stick with it. Well, no. Yeah. I mean, I do too. I just, I just think it's a misconception. |
1:45.9 | I think people always say, what are you doing? |
1:46.9 | April 15th? |
1:47.7 | I'm like, same thing you are. |
1:48.7 | Just dreading my taxes because my, you know, my CPA is repairing it. Now, one word that you just said right there. This is like kind of triggered me right now because I think that is a big thing. |
1:43.8 | Misconception. |
1:44.6 | So we see a lot of misconceptions out there about taxes right now. |
1:49.6 | I'm sure you see it as well. And that is why I wanted to make you one of the first episodes on the serious seller podcast because there are serious sellers out there who are being misled, who have the wrong ideas. So let me just start this off. What are some of the things from a seller's |
2:18.7 | viewpoint? You know, I'm sure you're active in Facebook groups or people ask you questions. |
2:22.3 | So from a seller's viewpoint, what are some of the things you have heard sellers say that they |
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