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Washington State Sales Tax Article
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Taxes - And Your Online Business: Basic Things You Need To Know
from:By Deb St. George, on Online Business Tax Basics in your Tax Preparation Guide From BusinessNewsDirectory.net
So you want to start your very own online business. Aside from having unlimited access to the Internet, you also need to be armed with adequate knowledge about taxes and your online business because without it, you will surely be at loss.
Online retailers, or more commonly known as e-tailers are not exempted from paying taxes, contrary to the common misconception of most people. E-tailers are still included in the rush for meeting the April 15 deadline for tax filings.
However, veteran e-tailers would say that the most difficult part for online business owners is navigating and complying with the confusing and complicated laws and conditions governing day to day sales taxes.
An Everyday Challenge If you are one e-tailer who would like to take your online business seriously, then you should be prepared to deal with the fact that handling and managing sales taxes is actually an everyday challenge.
The truth is, a lot of e-tailers are required by the government or their state to file and remit sales tax to states on either a monthly or regular interval. The basis for the filing of sales taxes would more or less depend on how much revenue you online business
generates.
Few Tips For E-tailers
It is very vital that you understand your responsibility for sales tax. You must also know that the idea that e-commerce companies are required to collect and remit sales tax in every state is one big myth.
You only have to pay sales tax if you have nexus in that certain state. If you are a neophyte in online business, perhaps you don’t have an idea what the word
nexus means, right?
Well, in online business jargon, nexus means a "connection". Put in application, making a sale in another state does not mean that you automatically have a sales tax obligation.
You have to put in mind that there are many rules and laws that you need to consider before you can determine whether or not you will need to pay for sales tax in a certain state.
When you create your very own nexus in a certain state, you are then required to calculate, collect, report and remit the sales that you make in that certain state every time you have a transaction there.
This is the reason why you are obliged to pay tax sales based on the location of your business.
However, you must also keep in mind that there are also other ways to create your very own nexus in a state. Aside from physical presence or structure of your business establishment in a certain state, you can also establish a nexus by having sales
representatives present in that state, tradeshows, mobile stores, etc.
Trying to make an online business work amidst the seemingly confusing and complicated rules that apply to different states can be quite impossible.
However, one must not lose hope; with the help of professionals in the legal field and certified public accountants, you will surely be enlightened as to what steps you should take for your online business to stabilize and prosper.
By being armed with the right knowledge about taxes and your online business will surely help you achieve success in the realm of online businesses.
Washington State Sales Tax News
Retailers rev up campaign for online sales tax - The Hill (blog)
Retailers rev up campaign for online sales tax The Hill (blog) NRF officials said more than $1 million of the funds could eventually be used for the sales tax campaign. The ads target voters, small business owners and retailers in 17 states, including ones that are represented by members of the House Judiciary ... |
Miller Park sales tax acts like a roller coaster - Milwaukee Journal Sentinel (blog)
Miller Park sales tax acts like a roller coaster Milwaukee Journal Sentinel (blog) By Don Walker of the Journal Sentinel Each month, the Miller Park stadium district tracks how much in sales-tax collections the district receives from the state Department of Revenue. This month, which represents sales-tax collections from March, ... |
Amazon poised to get a cut of California sales taxes - Los Angeles Times
Amazon poised to get a cut of California sales taxes Los Angeles Times —Amazon.com Inc.for years has fought government efforts to tax e-commerce. Now it's poised to pocket millions of dollars in sales taxes paid by California customers. As part of a pact reached last year with state lawmakers, some online retailers ... |
It's summer. Time for a California budget crisis. - Christian Science Monitor
 Christian Science Monitor | It's summer. Time for a California budget crisis. Christian Science Monitor TaxVox is the Tax Policy Center's tax and budget policy blog. On Saturday, Governor Jerry Brown kicked things off by announcing that tax collections were coming in below projections, and so the state would face a $4 billion deficit by the end of the ... The Golden State Gone Broke - OpEd |
Does Georgia have the lowest gas taxes in the country? - PolitiFact
Does Georgia have the lowest gas taxes in the country? PolitiFact Kiernan sent us a report by University of Georgia researchers on whether the state's motor use fuel tax collects enough revenue. The state's Transportation Department asked UGA to do the research. excise tax, as well as a sales tax that is applied to ... |
Free State Tax Calculation for 3dcart Stores Through TaxCloud - San Francisco Chronicle (press release)
Free State Tax Calculation for 3dcart Stores Through TaxCloud San Francisco Chronicle (press release) Online Stores Can Prepare for Hassle-Free Experience with Pending New Legislation Tamarac, FL and Seattle, WA (PRWEB) May 14, 2012 To help merchants make sense of sales tax, 3dcart has partnered with TaxCloud, a free sales tax service for online ... |
Pennsylvania House Agenda for the Week of May 21 - Patch.com
Pennsylvania House Agenda for the Week of May 21 Patch.com Jim Cox, R-Berks): Establishes the Property Tax Independence Act, which would replace the school property tax by increasing the state's personal income tax from 3.07 percent to 4 percent and expanding and increasing the state's sales and use tax from 6 ... |