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What You Need To Know For Amazon Prime Day 2017

Kicking off on Monday, July 10 at 9:00 p.m. ET and lasting a total of 30 hours, Amazon will bring its Prime users hundreds of thousands of deals as often as every five minutes.

There are a few steps you can take to make sure you are ready for the event.

  • Make sure you are a Prime member. If you are not, there are ways to start a 30-day free trial or a 6-month trial for students.
  • Download the free Amazon App
    • Go to “Today’s Deals,” click “Upcoming” to view all deals 24 hours before they are live, and then tap “Watch this deal.” The app will alert you when that deal is starting.
  • Add items to your list and get notified when they go on sale.

The Sales Tax Tie-In

Amazon won’t collect sales tax in Alaska, Delaware, Montana, New Hampshire, or Oregon because there is no state sales tax in these five states. Otherwise, expect to see sales tax added on your purchase.

According to a Forbes article, “States that impose a sales tax typically also impose a use tax. If your state has a use tax and you are not charged a sales tax, you are supposed to self-report and pay the tax. About half of all states offer a line on their income tax returns now for this purpose; otherwise, there are separate tax forms for your completion.”

About Vertex SMB

Vertex SMB offers a cloud-based sales tax solution that is designed to save time, effort, and risk associated with calculation, return, remittance, and compliance for small to medium-sized businesses. The Vertex SMB solution is flexible and works with all sizes and types of financial systems, ERPs, and ecommerce platforms.

Image courtesy of yodiyim at FreeDigitalPhotos.net.

 

 

 

 

 

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