How to Handle Sales Tax Collection in Multiple States Without a Tax Team
You can handle sales tax in several states without a tax department if you build one simple system and run it every month: know where you owe, register before you collect, let your checkout calculate the rate, park the tax money in its own account, and file on each...
When Does It Make Sense to Incorporate Instead of Staying a Sole Proprietor?
It usually makes sense to incorporate, or to form an LLC, once your business has something real to lose: customers who could sue, a lease or loans you sign for, employees, a partner, or profits large enough that your accountant sees a better way to file. Until then, a...
What Does a Merchant Actually Receive When a Customer Pays in Bitcoin?
In most business setups, the merchant receives U.S. dollars. The customer sends Bitcoin, a crypto payment processor converts it, and dollars are deposited in the business bank account, so the shop never holds a single coin. The other choice is to keep the Bitcoin...
What P2PE Validation Actually Certifies, and What It Leaves Uncovered
P2PE validation certifies one thing: that a specific card-encryption solution, built from listed devices, key-management processes and a protected decryption environment, was assessed against the PCI point-to-point encryption standard and found to meet it. It does not...
What Makes Someone Eligible for a Merchant Account?
You are eligible for a merchant account when an acquiring bank, working through a processor, is comfortable with three things: who you are, what you sell and how the money will move. Most legal businesses in the United States qualify, including sole proprietors and...
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