Brian Fricano, founder and CEO of online B2B retailer Sustainable Supply, during the upcoming Home Improvement eRetailer Summit, will address implications of the U.S. Supreme Court’s recent ruling freeing states and local governments to collect sales taxes from online retailers.
The Home Improvement eRetailer Summit, set for November 7 to 9 at the Hotel Monaco Chicago in Chicago, is designed to connect e-commerce platforms and suppliers, serving up best practices to optimize online home improvement programs at a time when e-commerce progress by the home improvement industry still lags behind other key consumer products industries, according to summit organizers.
“Brian Fricano is one of the few experts in this new day of navigating through the recent Court ruling, having testified before Congress about this very topic representing the entire industry,” said Sonya Ruff Jarvis, founder of eRetailer Summit. “He knows how critical this issue is to the survival of many online retailers, especially independents. We are thankful that he sits on the Summit’s advisory council and is willing to share his understandings with our attendees who will gain invaluable insights regarding the federal policy on collecting online sales tax.”
“The recent Supreme Court decision stands to have a dramatic effect on the nation’s Internet marketplace,” said Fricano. Sustainable Supply sells more than one million green building, safety and maintenance supply projects.
Fricano said the Court’s ruling threatens to expose small and midsize businesses “to the whims— collection, remittance, audits and exemptions— of more than 10,000 tax jurisdictions nationwide.” Fricano has stated that Sustainable Supply, as a young company, might not have survived had this new rule been in force. Fricano estimates that retailers should expect compliance to cost them at least 3% of sales.
HomeWorld Business is the housewares media sponsor of the 2019 Home Improvement eRetailer Summit.For information about attendingthe summit, contact Sonya Ruff Jarvis, the summit’s founder, at [email protected] or (203) 295-3385.