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New York State Sales Tax Article
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Taxes - And Your Online Business - Taxes Exist Online?
from:By Deb St. George, on Online Business Taxes in your Tax Preparation Guide From BusinessNewsDirectory.net
So, you want to start your own online business? Before you start designing your own website or webpage, make sure that you know all about the do’s and don’t of starting an online business and that includes the technical, financial and legal matters of the business.
When you decide to start a business, you should be aware and prepared for whatever legal or financial issues that may arise. If you think that you can escape from paying taxes by starting your very own online business, think again - your dreamy balloon may burst once you get into complications regarding taxes and your online business.
The Truth About The Internet Being A Tax-Free Zone
More and more shoppers are getting lured by online shops and retailers because of their famous tag line of "no-tax shopping". What most people don’t know is that that certain tag line used to lure online shoppers is not applicable to all states.
For you to be able to understand this concept better, here is an example: A woman from Indiana regularly purchases exotic orchids through an online shop based on Switzerland.
Since she purchases and sends her payments directly to Switzerland, she is not obliged to pay any sales tax in Indiana since her orchid supplier has all of its facilities in Switzerland.
A few months later, the exotic orchid supplier of that woman has decided to open a store in Indiana. The woman still purchases online but she already has to pay for the sales tax of the orchid since there is already a store based in the place where she is staying.
In other words, the responsibility to pay for taxes is an interdependent status between the consumer and the supplier. By that example, we can Come to a conclusion that the Internet is not really a tax-free zone. It depends on the location as well as the type of business that one is involved in.
The Responsibility To Pay Sales Tax
Admit it, nobody really loves to pay taxes. Perhaps even the rich people are irritated come tax-paying time because it is sometimes a tedious and complicated process. There are a lot of rules and laws to refer to before one can actually come to a clean calculation of the taxes that he or she must pay.
If an individual lives in a state that is known for collecting "sales tax", you are not exempted from it even though you try to escape it by making a lot of purchasing through the Internet because you are still required to pay for the "sales tax" directly to the state.
When you pay a "sales tax" directly to the state, it is no longer called a "Sales tax" but rather a "use" tax. Perhaps the only difference between "sales" tax and "use" tax boils down as to which person - the buyer or the seller - pays the state. "Use" taxes are usually used by the state to make sure that they collect the right amount of revenue on every taxable item purchased within the state borders.
There are actually still a lot of points to be discussed about taxes and online business and the points mentioned here are just what we may call "a tip of the iceberg".
In determining what’s the right thing to do in handling taxes and your online business, it would be best to go beyond researching for legal answers alone. Consulting the help of lawyers and other legal professionals would probably benefit you more than you expect.
New York State Sales Tax News
Online businesses threaten to move out of state if charged sales tax - MyCentralJersey.com
Online businesses threaten to move out of state if charged sales tax MyCentralJersey.com WEST NEW YORK — Affiliate Nexus Tax Legislation proposed by Sen. Paul A. Sarlo (D, Bergen and Passaic) and Sen. Raymond J. Lesniak (D, Union) will cost New Jersey thousands of jobs and decrease tax revenue. ECoupons.com and hundreds of small ... |
TechBits: Virginia sales taxes; NH broadband - Washington Post
TechBits: Virginia sales taxes; NH broadband Washington Post Five states — Kentucky, Kansas, New York, North Dakota and Washington — already have similar laws in effect and nine others have agreements or laws about to take effect to collect online retailing taxes. Neither Amazon nor any other Internet retailer ... |
Local merchants want sales tax fairness - MyCentralJersey.com
Local merchants want sales tax fairness MyCentralJersey.com As his organization tries to improve the competitive position of businesses in Somerset County and the rest of the state, he sees that New York already passed an online sales tax law a few years ago, and Pennsylvania has a law that will kick in on Sept ... |
Essex County to try again for 4% sales tax - The Adirondack Daily Enterprise
Essex County to try again for 4% sales tax The Adirondack Daily Enterprise That would bring the sales tax in Essex County to 8 percent: 4 percent for the state and 4 percent for the county. "Forty-six or 47 counties in New York state are already at 4 percent," said county Attorney Dan Manning, "we're not going any higher than ... |
MIT study suggests gas tax hike to improve car fuel efficiency - New York Daily News
 New York Daily News | MIT study suggests gas tax hike to improve car fuel efficiency New York Daily News By Josh Max / NEW YORK DAILY NEWS Gas guzzlers are more popular among drivers than fuel-efficient cars, a new study suggests. It's official – we don't want cars that get 200 or more miles to the gallon, and it's consumers' fault, not automakers'. |
Dying tax breaks: Use them while they're hot - Reuters
Dying tax breaks: Use them while they're hot Reuters The deduction for state and local sales taxes. This provision lets taxpayers choose between deducting state income taxes (a no-brainer in high-tax states, like New York and California) and state sales taxes (a much-better deal in states that don't ... What Tax Reform Would Mean For The States |
Sunday Sales Debate Set To Kick Off In Connecticut - Shanken News Daily
 New York Times | Sunday Sales Debate Set To Kick Off In Connecticut Shanken News Daily In a January 2011 legislative debate on the issue, the CPSA estimated that Sunday sales would bring in just $140000 in new tax revenue—a number that differs sharply from the Distilled Spirits Council (DISCUS) analysis, which said Connecticut Sunday ... 2012 Session Opens Wednesday; State Of The State Address At Noon |