I own a hair salon. Typically, November is my busiest season. It has been SO quiet. A lot of my colleagues are also saying the same thing and have had to close up shop because of it - or get a second job.
People keep saying it will get better and the economy will bounce back but I don’t know. I am so close from just throwing in the towel, closing up shop and getting a corporate gig.
In most states, the reporting threshold is $200k in annual revenue in that state, or 200 transactions. Can’t hurt to dip your toes into e-Commerce, and if you are getting to the point where you are doing that much business in a single state, it makes sense to set up the tax nexus. There are services nowadays that handle all the paperwork for you.