Tax Tips and Exemptions for Small Online Businesses

February 25, 2013

Internet sales tax is on the forefront of everyone’s mind these days, especially with the recent introduction of the Main Street Fairness Act before Congress on Feb. 15. While Internet sales tax legislation could likely harm small online retailers in the future, many retailers are now focusing on filing their business’s taxes as the April 15 deadline approaches. To avoid overpaying in taxes, eBay has created a tax center that will help small businesses owners to keep as much of their hard-earned money as possible. For example, did you know that the Small Business Jobs Act allows cell phones to be expensed and deducted like other property? For more tips on filing your taxes and receiving exemptions, visit the eBay Tax Center.