by Barbara Weltman on August 19th, 2009
With car dealerships offering amazing bargains, now may be a good time to get a new business car, truck, or van. Decide whether to buy or lease the vehicle, and who should hold title to it.
If you own or lease the car:
If a personal vehicle is used for business, you can deduct the actual expenses of business use, including gas, maintenance, and depreciation if you own the car or lease payments if you lease it, or use the standard mileage rate set by the IRS ($.55 per mile in 2009).
If you are an employee of your corporation,... Read more »
by Rebecca Button on April 24th, 2008
Interesting…very very interesting.
Do you think states should be allowed to levy a sales tax on online purchases?
Well according to a WebProNews.com post , New York is attempting to test those waters. Legislators are trying to pass a bill titled the "Amazon Tax" and are targeting online retailers who are not located in New York. The sales tax would be attached to any items shipped to the state. Proponents of the bill say it will help level the sales tax playing field for brick and mortar retailers and they estimate it will generate around $50 million in tax revenue... Read more »
by Larry Slusser on February 21st, 2008
Having the ability to purchase items without paying sales tax is a great deal. The fact that airport duty-free shops have continued to do so well is that international travelers do not have to pay for sales tax on items purchased.
Internet purchasing is having the same effect on buyers and retailers alike-the enticement of not having to pay sales tax for click-and-charge buying. However, what you may not know is that some products are subject to sales tax and consumers would have the responsibility to pay it directly to their state.
The following is how to determine when sales... Read more »
by Rebecca Button on December 10th, 2007
Regardless of what trade your business is in, one of the hardest things to get right is determining what sales tax you’re going to charge your customers. After all, you don’t want to charge too much sales tax and scare them away; yet at the same time, you can’t afford to charge them too little. Here are a few clues to help you get it right.
How to Determine Your Sales Tax Charges
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