Once upon a time, retailers didn’t have to collect or remit sales tax on merchandise sold to out-of-state customers. Period. But with the phenomenal growth of online shopping over the last couple of decades, states realized they were missing a huge revenue opportunity. And so sales tax nexus was born.
Xendoo team staff is comprised of accountants, bookkeepers, marketers, brand managers, who all contribute to the Xendoo blog.
If you’re a retailer with a service offering, there might be nothing more valuable than your time. So whether you run a salon, gym, or dry cleaning business – If you feel like there just aren’t enough hours in the day, read on. Here are seven time-saving tips so you can spend more of your […]
A potential pitfall for any retailer is the time gap between paying the manufacturer for the merchandise you sell and getting paid for it by the customers you sell it to. When that interval lasts too long, cash on hand becomes all too scarce. Here are four smart strategies for staying out of the hole. […]
Before we get started, keep in mind that sales tax laws vary by state and municipality. While this guide serves as a general rule of thumb, be sure to check on the specific laws governing your area before making any changes to your restaurant’s operations or accounting. Restaurant owners face many complicated rules and regulations […]
“Free shipping” — it’s what customers today expect to see when they shop on online. So how can an ecommerce seller absorb those shipping costs without wreaking havoc on its profits? You could just raise your prices, but customers won’t like that either. Fortunately, you can change things about the way you ship to minimize the financial impact.
Cutthroat prices, huge inventory, massive advertising bucks — a small retailer is bound to feel like David going up against Goliath when competing with the big chains. But, like David, you can win the battle. The trick is to fight it on your ground, not theirs. Leverage localness We are located in South Florida and […]
Inevitably, somewhere between the manufacturer and the cash register, some of your merchandise disappears. Every retailer has this problem; in fact, it adds up to more than $42 billion in annual losses nationwide. The three biggest causes of shrinkage are administrative errors, employee theft, and customer theft. Here’s how to counteract them. 1. Use a […]
What do a used book store, garden nursery, and boutique clothing shop all have in common? No, this isn’t the set up to a joke. Unfortunately, all three types of businesses are at risk of failing if their cash flow isn’t in good shape. According to the Small Business Administration, “inadequate cash reserves” is a […]
Editor’s Note: This post was originally published in January 2017 and has been revamped and updated for accuracy and comprehensiveness. In the fitness world, it’s important to tackle the basics before you take on more challenging, complicated exercises. It’s the same in business. Building a strong foundation for your customer engagement strategies will provide you […]
Unless you’re living under a rock on the moon, you’re well aware that Amazon is the ecommerce success story of the century — not only for Amazon itself, but for thousands of independent sellers who take advantage of its marketing reach and customer confidence. Amazon’s FBA (Fulfillment by Amazon) program goes a step further: it gives smaller ecommerce businesses the clout and convenience of its warehousing, shipping and customer service facilities.