Internet sales tax will force small businesses to abide by tax codes in 9,646 different jurisdictions

Every business could face 46 separate audits (from the 45 states that collect sales taxes plus the District of Columbia).

Legislation on internet sales tax could subject small online businesses to up to 46 state audits. And since sales taxes vary among thousands of tax jurisdictions across the country, the chances that auditors will find mistakes—and slap the business owners with penalties—are very good. If truth-in-advertising requirements applied to legislation, says Heritage Action’s Dan Holler, the Marketplace Fairness Act would be renamed the Tax Audits from Hell Act of 2013.

 

 

Continue reading… “Internet sales tax will force small businesses to abide by tax codes in 9,646 different jurisdictions”

MOOC mania – more action in 1 year than the last 1,000 years

MOOCs are a powerful force for good.

Where did all of the MOOC mania come from? It came faster than Facebook and it’s here to stay. In just a year MOOCs emerged from a unique mix of entrepreneurial spirit, a few leading US Universities, supported by not-for-profits and venture capital. It’s an ecosystem that can take an idea and support it through to a sustainable business. That’s impressive.

 

 

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Twice as many entrepreneurs are over the age 50 as are under 25

Vivek Wadhwa: During the mid-1990s, cardiologist and researcher David Albert had the idea to develop a handheld device that displays an electrocardiogram. He believed that this would save lives by providing immediate information to patients wherever they were. In those days, even the most powerful handheld computers didn’t have the needed capabilities. So Albert dropped the idea because it was impossible.

 

 

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Seventy-five cents of every dollar spent on mobile advertising is spent on iPhone and iPad

iTunes has a long and successful history of commercial transactions, so people feel comfortable clicking and shopping and buying on iOS.

The mobel advertising market is booming and it has grown from $1.4 billion in 2011 to $4.1 billion in 2012, and it’s projected to hit a massive $7.3 billion in 2013.

And almost all of it is spent on Apple’s ecosystem.

 

 

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Book sales are on the rise even though booksellers are in turmoil

Bookstores are in crisis. Books aren’t.

There has been an upheaval in bookselling over the past ten years. With the surge in online ordering, the challenges faced by brick and mortar booksellers, and the arguing over ebook pricing you would think the book industry was in crisis. But sales figures suggest otherwise. Increasingly, this churning appears to be an integral feature of a steady process of transformation in the digital age.

 

 

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