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Old 03-06-2005, 01:46 PM
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24ON48OFF 24ON48OFF is offline
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Sales Tax??

How do you do the sales tax. Do you say $25 plus tax or take it out of the $25. Or another option quote a price of $27. Does $27 sound funny to the customer?
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Old 03-06-2005, 02:25 PM
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tiedeman tiedeman is offline
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are you talking about service taxes or item taxes?
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Old 03-06-2005, 06:46 PM
Toy2 Toy2 is offline
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Irs

I think I read somewhere that i have to hit $5000.00 first in sales and then required to charge tax, I might be wrong..
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Old 03-06-2005, 07:16 PM
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eruuska eruuska is offline
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Quote:
Originally Posted by A.Martinez
I think I read somewhere that i have to hit $5000.00 first in sales and then required to charge tax, I might be wrong..
You would do well to check with the state dept. of revenue. Don't go by something you think you read somewhere. You can cause a lot of trouble for yourself if you don't get the facts.

I don't know how it is in Texas, but in Indiana services are not taxable, just merchandise. If services are taxable, people expect there to be sales tacked on, so you don't need to say "plus tax". Just add it to the bill and you won't have any problems. Also be sure to forward it to the proper agency. Could come back to bite you if you don't.

Hope this helps.
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Old 03-06-2005, 08:01 PM
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24ON48OFF 24ON48OFF is offline
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Quote:
Originally Posted by A.Martinez
I think I read somewhere that i have to hit $5000.00 first in sales and then required to charge tax, I might be wrong..
IT would benefit you to charge the tax from the beginning. When you hit $5001 then you owe tax on all the money you made from the first $
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Old 03-06-2005, 08:10 PM
Toy2 Toy2 is offline
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tax

Ok, quote " if I exceed $5000.00 during the most recent four quarters then I can begin to collect taxes on the first quarter after the threshold is exceeded"??
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Old 03-06-2005, 10:05 PM
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24ON48OFF 24ON48OFF is offline
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wont you still be $5000 behind at the beginning of the next quarter?
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Old 03-07-2005, 01:27 PM
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Woody82986 Woody82986 is offline
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It should read, "If you are going to make over $5,000 over the next four quarters you need to be collecting sales tax." Thats the law in Texas. You don't have to take my word for it, but you can check the state website and it will say the same thing. And yes, you should be collecting sales tax on that first $5,000 as well.
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Old 03-07-2005, 01:50 PM
Toy2 Toy2 is offline
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thanks

Thanks for the update.
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