News Roundup

January 19, 2017

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Remote Sellers Should Brace for Surge of Sales Tax Reporting Laws

The new year will ring in a new chapter in the burgeoning battle over state remote sales taxation with a wave of new notice and reporting laws — but questions remain on how remote retailers can manage the potential legislative onslaught.

8 Tax Bills Already Introduced in the 115th Congress

The 115th Congress has been in session less than a week, but the Representatives and Senators are wasting no time in introducing legislation. Since the Jan. 3 swearing in, 490 bills have been introduced. Eight of them are tax bills.

Will 2017 Be the Year Virtual Reality Gets Real?

The last year has seen the launch of every major VR platform, from high-quality tethered systems like HTC’s Vive and Facebook’s Oculus Rift, through to cheap-and-cheerful smartphone-based platforms like Google’s Daydream and Samsung’s Gear VR. The early adopters have bought in, but now that the initial flurry of excitement has died down, the more pressing questions are left: how will the platforms evolve?

Bitcoin Hits Three-Year High: What Should Small Businesses Know?

After topping the $1,000 mark, Bitcoin has reached a three-year high in value. Take a look at the impact of bitcoin value on small businesses.

FASB Clarifies Definition of a Business Under GAAP

In response to concerns that its current definition of a business is overly broad and tough to apply, FASB issued a new standard that provides more guidance.

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