Everything you always wanted to know about sales taxes, including how to register for sales taxes, what products and services are taxable, tax rates in each state, sales tax vs. excise taxes, sales taxes vs. use taxes, sales taxes in online transactions, and sales taxes on out of state sales.
Many small business owners assume that they don't have to charge sales tax. But are you sure? If your products or services are subject to sales tax in your state, you do have to collect and pay sales taxes to the state.
Learn how to find out if the products or services you are selling are subject to sales tax in the states where you do business.
If you are selling online to customers within your state, you must charge them sales tax. If you have a "presence" in another state, you must also charge sales tax. The laws on Internet sales are changing, as states try to get more revenue by increasing the concept of "presence."
You can register and set up your payment online in most states. Here is the information you need to have on hand in order to complete the sales tax registration form (varies by state).
The process of collecting, reporting, and paying sales tax differs for each state, but you can find out how in general the process works by reading this article.
Many home business owners assume since they are selling from home their sales are not taxable. Not true; if the product or service you are selling is taxable, you must get a seller's permit and collect, report, and pay sales taxes.
Out of state sales are complicated and there are many different circumstances you need to consider if you have a nexus (presence) in other states. Learn about some of the common circumstances in this article.
Sales tax rates change for each state and for each locality within each state. Learn about local option taxes and how you can find out tax rates by zip code.