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  #1  
Old 01-14-2011, 03:37 PM
johnnybow johnnybow is offline
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wholesale plants and taxes?

Not real clear on how this works. Lets say i buy a shrub from a wholesale nursery and pay the tax on the plant then. Then i mark it up and plant it at the customers. Do i have to add the tax again to the plant and charge them? How does this work thanks
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Old 01-14-2011, 06:41 PM
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loupiscopolandscaping loupiscopolandscaping is offline
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depends on your company...i asked my accountant who is a CPA...she said since im an INC. type S company...when i do my invoice/bill my material should be seperated from labor...the labor gets taxed and the material doesn't...do i do it, HELL NO to much paperwork, i tax both and pay in both, the state must love me lol....your best bet is asking ur accountant
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Old 01-14-2011, 09:17 PM
ROC lawn and landscapes ROC lawn and landscapes is offline
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Fill out a tax exempt form, give it to the nursery. Then you can buy your plant material tax free. Then mark your plant material up and charge your customer the sales tax... NEVER give the gov't more money than they diserve!! they never give us any breaks! Hope this helped.
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Old 01-14-2011, 09:24 PM
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loupiscopolandscaping loupiscopolandscaping is offline
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i asked my accountant about the tax exempt form and she said that doesnt apply to my company since its a corporation...LLC might be different...but i did bring it up to her multiple times
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  #5  
Old 01-15-2011, 11:28 AM
rwaters rwaters is offline
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Quote:
Originally Posted by loupiscopolandscaping View Post
i asked my accountant about the tax exempt form and she said that doesnt apply to my company since its a corporation...LLC might be different...but i did bring it up to her multiple times
I would find a better accountant, you have to fill out a form with your sales tax number and give it to your supplier then they can sell you stuff tax free.
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Old 01-15-2011, 11:54 AM
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loupiscopolandscaping loupiscopolandscaping is offline
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I would find a better accountant, you have to fill out a form with your sales tax number and give it to your supplier then they can sell you stuff tax free.
Thank you, i will be doing more homework this winter...she is a "CPA" so id think she would know about this simple stuff, but who knows lol
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  #7  
Old 01-15-2011, 12:24 PM
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Patriot Services Patriot Services is offline
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Quote:
Originally Posted by ROC lawn and landscapes View Post
Fill out a tax exempt form, give it to the nursery. Then you can buy your plant material tax free. Then mark your plant material up and charge your customer the sales tax... NEVER give the gov't more money than they diserve!! they never give us any breaks! Hope this helped.
The way I am reading this is, don't pay sales tax, but collect sales tax from customer and don't report it to the government. I think that's called evasion.
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  #8  
Old 01-15-2011, 05:11 PM
ROC lawn and landscapes ROC lawn and landscapes is offline
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Originally Posted by Patriot Services View Post
The way I am reading this is, don't pay sales tax, but collect sales tax from customer and don't report it to the government. I think that's called evasion.
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What I was trying to say is that there is no need to pay sales tax twice on the same product... I do pay the sales tax that I've recieved!
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  #9  
Old 01-15-2011, 05:35 PM
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Patriot Services Patriot Services is offline
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Originally Posted by ROC lawn and landscapes View Post
What I was trying to say is that there is no need to pay sales tax twice on the same product... I do pay the sales tax that I've recieved!
My apologies. You stopped just short of saying ...and pay that collected sales tax to the appropriate agency.
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  #10  
Old 01-15-2011, 05:45 PM
ROC lawn and landscapes ROC lawn and landscapes is offline
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My apologies. You stopped just short of saying ...and pay that collected sales tax to the appropriate agency.
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lol yah i read it again. sorry bout that. that is one thing you dont want to do is take money that belongs to uncle sam!
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