Thursday, February 28, 2008

Government grants for free? - if you are an affiliate marketer you might be taxed

Small Biz Trends reports that "If you are an Internet entrepreneur or small business offering an affiliate program, New York’s Governor Eliot Spitzer wants to wrap you up in regulation and bureaucracy. Even if you run your business from Ohio or California or Hawaii".

It continues "If your business sells more than $10,000 to those in New York locations and you have an affiliate based in New York, you would be required to collect and remit taxes to New York authorities. For small businesses and entrepreneurs who sell through affiliate programs, this could be bad news."

Well, if you are selling more than 10000$ in ads, you might be considering future taxes you will have to pay.

Read more....

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