at the end of each quarter, or by the 15th of the following month after the quarter. A business with a Year calendar of Jan. - Dec. would pay the end of March, no later than April 15th, the end of June no later than July 15th, the end of Sept. no later than Oct. 15th, and the end of Dec. no later than Jan. 15th. Some businesses have a calendar year of Sept. to Sept. So you'd use Nov. Feb. May, Aug in the same manner as your quarter ends with the following month 15th date as the late by date.
If you charge tax on the products/services you sell, the customer pays the sales tax and the business passes the tax onto the state/municipality. If the business buys supplies for use in the business (and not for resale) you will pay sales tax and the entire cost of the supplies will be deductible to the business. If you buy the same supplies from out of state and do not pay Nebraska sales tax, you should pay Nebraska use tax and that amount is also deductible to the business. If the business buys supplies that go into making a product for resale, you should not pay sales tax on the purchase of those supplies.
You will pay the sales tax when you register the car. If the business collects it, they have to give you a receipt for it.
SALES TAX IN NYC- Are fire extinquishers taxable
If the vehicle is titled in the business name you will pay sales tax. About 2 to 4 weeks after you register the vehicle you will get a form in the mail from the North Carolina Department of Revenue explaining how to pay the tax.
As with any sales business, the car dealer must collect the sales tax.
Sales tax is different depending on the state you live in. For instance its 6% in WV, 7% in PA, etc. It's not automatically added, the business has to have the computer automatically calculate the tax for the business then pay the government that tax when tax season happens.
If the items were purchased in NYS then yes you will have to pay sales tax on them when you purchase them. If you are a business who sells item purchased wholesale in NYS then you can apply for an get a Sales Tax Certificate. This means that you will not pay sales tax when you buy items wholesale but then you will have to pay sales tax on the items when you sell them at a higher price. This will also require you to file monthly reports to the Sales Tax Division and account for each item purchased for resale.
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
You normally do not pay sales tax on a service.
gross sales tax is the tax you pay on total receipts/sales. basically you can't deduct any expenses before you pay the tax.
Yes, you do have to pay sales tax - it's like purchasing a second hand car. You still pay sales tax
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.