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Harris County Tax Assessor 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.
Harris County Tax Assessor News
Backlog means drivers are not receiving registration stickers in time
HOUSTON—A backlog at the Harris County Tax Assessor’s office means that many drivers will have expired registration stickers despite sending in the correct paperwork. At the end of last month, 6,500 requests had not processed. "We did sort of get caught a little bit flat footed," said Harris County Tax Assessor Collector Don Sumners. Sumners says they usually send new tags out within 15 days ...
Read more...GOP battle looms for Harris County tax collector race
GOP battle looms for Harris County tax collector race Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 10:48 p.m., Friday, May 11, 2012 Within the Republican Party, there are plenty of examples of right-wing insurgents taking on established conservative incumbents. In the race for Harris ...
Read more...Monthly unemployment rate continues to decline in Harris County
The unemployment rate has been on a declining streak throughout Texas and in Harris County, according to figures that the Texas Workforce Commission released May 18. A leading voice for Texas business has attributed the decline primarily to business-friendly state regulations.
Read more...Clerks work OT to cut car registration backlog
Clerks work OT to cut car registration backlog Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 09:25 p.m., Thursday, May 10, 2012 The Harris County tax office is paying 32 clerks overtime on weekends to eliminate a large backlog of unprocessed auto registrations, a potentially serious ...
Read more...Election coverage: Monday is last day to register to vote
Harris County Tax Assessor-Collector and Voter Registrar Don Sumners is reminding Harris County citizens to register to vote now if they have not already. The deadline to register to vote in the 2012 primary elections is Monday.
Read more...Galveston election bungled, poll watchers say
Galveston election bungled, poll watchers say Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 02:51 p.m., Tuesday, May 15, 2012 City and county officials learned during early voting that faulty information had been loaded into voting machines, leading Tax Assessor-Collector Cheryl ...
Read more...Smith seeks tax assessor-collector position
Anita Smith is seeking the office of Henderson County Tax Assessor-Collector. During the 23-plus years of service Smith has been a deputy in the Tax Office, it has been her pleasure to serve Henderson County residents in many ways.
Read more...