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by Navarr 3725 days ago
You shouldn't consider Jet.com not collecting sales tax as a "good thing" since you are technically required to pay it by law (in most places, normally, afaik, IANAL)

So you technically do still need to pay that 8.25% differential.
1 comments
vitd 3725 days ago
Indeed you do. Many years ago I had a business. One year the state decided to audit my business. No biggie, I had paid all my taxes as required. Except I hadn't. My business was located near a big box warehouse and you could order on the website and go pick it up. This was when almost all online orders were claimed to be "tax free". I did that for a few hard drives and some other stuff. I ended up owing about $150 in back taxes and penalties because I hadn't manually figured out the sales tax I was supposed to pay and reported it. I was a little annoyed at my accountant whose reaction was, "Yeah, nobody pays that, though technically you're supposed to." Needless to say, I have a new accountant.
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debacle 3725 days ago
That's a strange mentality. Many good accountants will weigh the chance of you getting audited + fined against the ROI of an "oversight."

Your accountant was probably trying to save you money.

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dpark 3725 days ago
> Many good accountants will weigh the chance of you getting audited + fined against the ROI of an "oversight."

"Good" is a questionable descriptor here. I would think that a good accountant should follow ethical rules, which would exclude the possibility of knowingly breaking the law to under-report taxes.

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brianwawok 3725 days ago
Except which accountant will get more business.

a) Hey I have a cousin Vinny. Great account. Knows every single rule and is always ethical. I sleep great at night

b) Hey I have a cousin Jen. Great accountant. She found all kinds of crazy savings, saved me $1000 last year.

People know in their heart they should go for the honest guy. But hey, saving money.. who can pass that up?

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Navarr 3724 days ago
Businesses. People who understand the risk, etc.

Knowingly and intentionally not paying a tax by falsifying records probably does not sit well with the Internal Revenue Service.

IRS can and has disbarred CPAs based on ethics [1].

[1]: https://www.irs.gov/uac/Newsroom/Certified-Public-Accountant...

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