Ebay Radio Party 2010-Tax and Legal Answers-Cliff Ennico.ppt

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Cliff Ennico's dynamite presentation of "Tax and Legal Answers for Your Business on eBay" at the eBay Radio Party, June 23-23, 1020, at Paris Las Vegas.

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Ebay Radio Party 2010-Tax and Legal Answers-Cliff Ennico.ppt

  1. 1. Tax and Legal Questions for Your Business on eBay Cliff Ennico Lawyer, Author, Columnist, TV Host Consultant, Small Business Expert, Richard Nixon Impersonator [email_address]
  2. 2. Legal Update 2010 <ul><li>Your “Terms and Conditions of Service”: The Front Line of Defense Against Legal Liability </li></ul><ul><ul><li>Your legal disclaimers </li></ul></ul><ul><ul><li>Your limitation of liability </li></ul></ul><ul><ul><li>Have a lawyer look at it annually (limit fee to 1 hour) </li></ul></ul><ul><li>Your Marketing Efforts </li></ul><ul><ul><li>eMail Blasts and Newsletters (antispam) </li></ul></ul><ul><ul><li>Blogs and Social Media (not responsible for others’ postings; content removal) </li></ul></ul><ul><ul><li>Copyright and Permissions (right to use other people’s stuff) </li></ul></ul>
  3. 3. Legal Update 2010 <ul><li>Do You Need a Privacy Policy? </li></ul><ul><ul><li>A major litigation area right now </li></ul></ul><ul><ul><li>The two types of policy you shouldn’t have: </li></ul></ul><ul><ul><ul><li>“We sell your info to whomever offers the highest price” </li></ul></ul></ul><ul><ul><ul><li>“We never sell your info to anyone, anywhere, anytime” </li></ul></ul></ul><ul><ul><li>If kids are buying or stuff or posting on your blogs, you need to comply with COPPA (Child Online Privacy Protection Act of 1998) </li></ul></ul>
  4. 4. Tax Update 2010 <ul><li>Income Taxes </li></ul><ul><ul><li>“Bridging the gap” legislation continues </li></ul></ul><ul><ul><li>The IRS is hiring . . . </li></ul></ul><ul><ul><li>Beginning 2011, PayPal and other online payment services are required to send you a 1099 if your gross payment volume is more than $20,000 and you have more than 200 payments during the year </li></ul></ul><ul><ul><li>The time to “clean up your act” is now </li></ul></ul>
  5. 5. Tax Update 2010 <ul><li>State/local governments are desperate for revenue, and are looking to (legally) tax Internet commerce </li></ul><ul><ul><li>Stricter enforcement of “use tax” laws </li></ul></ul><ul><ul><li>Expanding “nexus” rules to include Web sellers that “directly target” in-state residents </li></ul></ul><ul><ul><li>Taxing “affiliates” (New York’s “Amazon Bill”) </li></ul></ul><ul><ul><li>Enforcing interstate agreements to collect sales tax across state lines </li></ul></ul><ul><ul><li>Is SSTP (streamlinedsalestax.org) going anywhere? </li></ul></ul><ul><ul><li>Consider a software solution (avalara.com, exactor.com, speedtax.com, taxware.com) </li></ul></ul>
  6. 6. Thanks, and Enjoy Vegas!

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