P e t jobs Do I Need to Charge Taxes Online?
If you’re running an internet company, it’s your responsibility to keep current on tax laws that affect you. As a retailer, you’re obligated to know the laws regarding both the collection and payment of state sales taxes.
According to CPA Jim Reed, of Teton Tax (http://www.tetontax.com), “The collection of sales tax for items sold over the internet is only required if the business has a physical presence in that state.” In other words, if you run a home-based candle business in Oregon and you sell a box of votive candle holders to a customer in Portland, you’ll need to charge them sales tax.
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If, however, you sell a candelabrum to a customer in Texas, where your business has no physical presence, you don’t need to charge sales tax, so you’re able to provide your customer with a lower price. This can add up to substantial savings on high-end purchases and give your eBiz a competitive advantage over out-of-state brick-and-mortar stores.
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| Date | Title | Description |
|---|---|---|
| 2010 | In addition to charging sales tax, you’re also responsible for passing that money on to the government. In most states, you’ll need to fill out a tax return, usually once a month. Says Reed, “You’re required to fill that out, whether you have sales or not, once you obtain a sales tax license. Each state has its own sales tax form to be completed, signed, and filed, and the tax remitted, based on what taxes have been collected during that period.” | Louisiana well technician jobs |
| 2010 | P e t jobs | |
| 2010 | Jobs as an optician | What’s the Best Way to Structure My Business? |
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