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Georgia Sales Tax Article
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Taxes - And Your Online Business - Do You Really Have To Pay?
from:By Deb St. George, on Online Business Taxes To Pay in your Tax Preparation Guide From BusinessNewsDirectory.net
If you are a neophyte in realm of online business, then perhaps you have a lot of questions that are plaguing your mind and one of them may be all about
whether you are obliged to pay taxes for your online business or not.
Calculating and paying your duly taxes alone is already one confusing ride, and surely it will get more confusing if it will be mixed with an online
business.
However, as they say, there’s no problem that cannot be solved. With just a few tips and guides, you can find out how to pay taxes for your online business
without any hassles or problems along the way.
The Charm Of Online Business
Before we talk about taxes and your online business, let’s discuss first why more and more people are getting attracted to starting their own online
business.
Well, first of all, it is very hassle-free compared to having a business in the non-virtual world. You see, in online business, you only have to type and click
for your business to boom.
Very minimal manual labor is needed in an online business and one can even get to work at home in their pajamas while managing their online business.
Now the question is: are online businessmen or entrepreneurs exempted from paying taxes? The answer is no. All individuals who are earning money online are required to pay taxes.
Sure, the government can’t possibly keep track of how much money each person generates online but then again, it’s one of the citizens’ responsibilities to go ahead and be responsible enough to pay for their taxes.
The Real Deal About Most Online Businesses
The truth is, not everybody who does business online is honestly paying their due taxes. Most online businesses include shopping and it’s a known fact that most if not all shoppers despise paying sales tax and adore a bargain that is luxuriously tax-free.
The Internet is actually considered to be a great venue for tax-free shopping which lures more and more customers each day. Online retailers have been using a no-tax shopping tag line to attract more online shoppers to their business.
Sounds like a win-win situation, right? Online shoppers enjoy numerous tax-free shopping sprees and online retailers don’t pay their taxes. Most people probably think that doing business through the Internet is considered to be tax-free.
However, the fact is, some Internet sales are actually subject to what we know as "sales tax" and online consumers are the ones often responsible to remit any unpaid sales tax on whatever online products they have purchased.
They can actually remit it directly to their state come tax-paying time.
Collecting Sales Tax The process of determining whether you should pay taxes for your online business or not may be quite confusing and overwhelming - especially if it’s your first time to get involved in online business.
However, here are just some few tips you should remember: the obligation to pay the so-called "Sales Tax" can be determined by the location of the customers, and not the seller.
If a business does not actually have a physical presence in a particular state (an example of this would be your online store or business), it is not required to collect sales tax from costumers in that certain state.
Georgia Sales Tax News
Georgia will vote in increased sales tax
While taxes are top of mind right now, On July 31st, people in Georgia will have the option to vote for an increased Sales Tax.
Read more...Sales tax drop not likely to help economy, school finance director says
Many hoped dropping the sales tax rate would stimulate the economy, bringing in more out-of-county shoppers and giving local spenders more money.
Read more...Georgia governor wants sales tax on online purchases
ATLANTA - Gov. Nathan Deal is considering extending the state sales tax to online purchases, he told newspaper publishers Thursday morning. Eight states already tax electronic commerce, but most states have held off because Congress had signaled it would devise a national model to simplify the thousands of tax rates used by state and local governments across the country. Deal said he wasn’t ...
Read more...State reps want to delay vote on transportation tax
A group of state representatives want to delay the referendum on a one-cent sales tax to fund new roads and transit throughout metro Atlanta to iron out several constitutional kinks. The Marietta Daily Journal reports that state Rep. Ed Setzler, the Acworth Republican who's been casting doubts on the regional transportation tax and its project list for months, thinks the Georgia constitution ...
Read more...Cost of Georgia’s sales tax on energy used in manufacturing
Georgians have made it clear that attracting and retaining jobs should be the No. 1 priority of every elected official. Removing this tax as an impediment to job growth and creation is a great first step.
Read more...Retailers' sales tax battle with e-tailers now has a face (and a foot)
You may not be able to avoid Tennessee, Georgia or Alabama sales tax by shopping online, for very much longer. Retailers are pushing for a federal law that would give states the option to require e-tailers to collect sales tax.
Read more...Sales tax referendum backers say suggested tax increase vital to future
Voters across Georgia will face a decision on July 31 that is being called both the largest tax increase in state history and the single largest economic development opportunity the state’s ever seen.
Read more...