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Who is responsible for collecting income tax?
The Income Tax Board is responsible for collecting our income tax… it says in the name people!
Need the answer why is sales tax a liability to a business?
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.
Who is responsible for Sales Tax Under High sea sales?
No One. it is exempted. chill
What tax is paid by businesses only?
sales tax sales tax!
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
Who is responsible for collecting income tax?
The Income Tax Board is responsible for collecting our income tax… it says in the name people!
Need the answer why is sales tax a liability to a business?
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.
Who is responsible for collecting the property tax?
County Governments
Who is responsible for Sales Tax Under High sea sales?
No One. it is exempted. chill
disadvatage of sales tax?
A sales tax is a certain percentage of tax imposed by the government on the sales of goods and services. As per the law, a seller can collect some amount of sales tax from the consumers they are selling goods and services to. The sales tax does not produce any revenue to the seller. However, a seller is responsible to collect sales tax from consumers and pass it to the official authorities.
Do you pay sales tax purchasing a used car in Tennessee?
Yes, there is a sales tax on cars in TN. If you purchase your car from a licensed dealer, they will collect the sales tax but if you purchased your car from an individual you will be responsible for the tax when you register your car in your county.
What is sales tax in Texas on used car?
Answer: Sales Tax in the state of Texas is 6.25% of the purchase price. Title, licence, and registration will be extra. There is also a new $5.00 deputy fee that the state is collecting.
What tax is paid by businesses only?
sales tax sales tax!
Why is the sales tax rate higher in some areas than in others?
State and local governments are responsible for sales taxes in their own areas
I have not paid sales tax on my lawn cutting business for years can i pay noe and not get in troube?
You should consult a local accountant or tax professional. Lawn cutting is a service, and some states do not have a sales tax on services (as opposed to the sale of goods). It gets even more complicated if the state/county/city does not have a sales tax on services and you've been collecting one anyway, which is why I recommend talking to someone who is familiar with the laws regarding sales tax in your area.
Who is responsible to pay tax when selling a car privately?
As far as sales tax the buyer pays this. When there is a sale between two private parties, the buyer is responsible for paying the sales tax owed to the state and local taxing authorities. In most states this tax is collected by the taxing authority or tag agency when the vehicle is registered in the name of the new owner.
A tax on things you by?
Sales tax, of course.
