more software packages with our shopping carts and we have multiple different shopping carts, we use the ebay platform, the amazon platform, we have back end systems. that s what i mean, don t you think they ll integrate it themselves or no? no, we have to do the integration and we have to test it, multiple different browsers, operating systems, phones and tablets. right. and look as a small business, i mean any bit of compliance is a lot, frankly. we estimate that our compliance cost will be over $300,000 in the first two years. for your company itself? yes, that involves the configuration of the software and the testing of the software. that involves classifying into multiple different sales tax jurisdictions of 40,000 products. let me ask you this then. you re a small business person and in the bookstore business, you know what it s like to deal with hard times. so knowing what you know, saying, you know, the online stores have an unfair advantage, but having some empa
hundreds of thousands of dollars to integrate 20 or more diven software packages with our shopping carts. we use ebay platform, amazon platform. we have back end systems. don t you think they ll integrate it themselves or no? no, we have to do the integration and then we have to test it on multiple different browsers, operating systems, phones, tablets. right. and, look, as a small business any bit of compliance is a lot, frankly. we estimate that our compliance cost will be over $300,000 in the first two years. for your company itself? yes. that involves the configuration of the software and the testing of the software. that involves classifying into multiple, different sales tax jurisdictions. you re a small business person and you re in the book store business. right. you know what it s like to deal with hard times. knowing what you know, saying the online stores have an unfair advantage, but having some
empathy for this sure. do you still feel like, you know, we need to pass this because it is unfair? absolutely. and it s critical for states and municipalities to get revenues from the large online sellers, retailers. one of the things that there has been confusion about, i think, is this million dollar figure. people think it s $1 million in sales. it s $1 million of remote sales. $1 million of online sales outside of the state in which you operate. it really does not impact small online retailers. we do a bit of online sales ourselves and it won t impact us at all. in terms of the compliance cost, kevin stated a very large number but he has a fairly large, you know fortunately for him he has built up a fantastic, large business. it will be interesting to see, you know, it pass in the senate. the house, it will have a very
it s going to cost us potentially hundreds of thousands of dollars to integrate 20 or more different software packages with our shopping carts and we have multiple different shopping carts. we used the e-bay platform. we use the amazon platform. we have back end systems. don t you think they ll integrate it themselves or no? no, we have to do the integration. and we have to test it on multiple different browsers, multiple different operating systems, phones, tablets. right. and as a small business, i mean, any bit of compliance is a lot, frankly. we estimate that our compliance cost is going to be over $300,000 in the first two years. for your company itself? yes. that involves the configuration of the software and testing of the software. that involves classifying into multiple different sales tax jurisdictions. you re a small business person, and you re in the bookstore business. you know what it s like to deal with hard times. so knowing with a you know, saying, you kn
but having some empathy for this sure. do you still feel like, you know, we need to pass this because it is unfair? absolutely. and it s critical for states and municipalities to get revenues from the large online sellers, retailers, and one of the things that there s been some confusion about i think is this million-dollar figure. because a lot of people think it s a million dollars in sales, but it s a million dollars of remote sales. that means a million dollars of online sales outside of the state in which you operate. so it really does not impact small online retailers. we do a little bit of online sales ourselves and it won t impact us at all. in terms of the compliance cost, kevin stated a very large number, but he s got a fairly large he s built up a fantastic, large business. i think that s why the number was as high as he mentioned. it will be interesting to see, you know, it pass in the senate, but the house, it s going to have a very, very tough battle. so thank