Join Patrick Rauland for an in-depth discussion in this video Understanding taxes, part of WordPress: Ecommerce.
- Taxes aren't simple.…Some countries have a federal tax you pay,…some states have a tax on top of that,…some counties have a tax on top of that,…and some cities have a tax on top of that.…That's a lot of taxes.…Let me start by saying I am not a tax expert…and you should get the necessary information…from a tax professional.…What I can do is give you an idea…of how taxes work in general so you can expect…what taxes you'll have to set up.…The general rule is that if you have Nexus in a place,…you have to pay those taxes.…
Nexus means having physical presence in a state,…like a warehouse or storefront.…So if I have a store in Colorado and a warehouse in Utah…I have to collect both Colorado and Utah taxes.…Now, that doesn't mean that with every purchase…I have to collect both Colorado and Utah taxes.…You usually only collect one set of taxes.…So if my customer is in Colorado,…I'll pay Colorado taxes.…If my customer is in Utah,…I'll collect Utah taxes.…If the customer is in some other state,…I don't collect any state taxes.…
To start, you need to understand the market for your product or service so you can build your website around it. So Patrick Rauland kicks off with some key questions that will help you define your audience and organize your products. He'll then help you set up a payment gateway with PayPal or Stripe, ship orders, collect taxes, and secure sensitive data. And if you weren't convinced already, Patrick reviews the benefits of WordPress ecommerce tools as well as a selection of third-party tools that integrate beautifully with WordPress. Plus, get bonus tips on marketing your new website: attracting and retaining customers and increasing the value of the average order.
- Defining your audience
- Organizing your products
- Marketing your WordPress site
- Increasing average order value
- Getting paid
- Checking out with PayPal or Stripe
- Managing and shipping orders
- Collecting tax
- Protecting sensitive data
- Using WordPress or third-party platforms for ecommerce