answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

Do you have to charge sales tax on the merchandise you sell in a home business?

Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect sales tax.


What is a property tax sale auction?

Cities and Counties use property tax sales to collect delinquent property taxes. About 4% of property taxes are delinquent each year and this is the method the taxing authorities use to collect the taxes. There are two types of sales, tax lien sales, where they sell a lien on the property to an investor (who will earn a very attractive interest rate and get the property if they are not paid back), and tax deed sales where the taxing jurisdiction sells the property outright. To learn more about tax sales go to the related link.


What do sales do?

sell company products,often with a laptop


What is the journal entry for a cash sell?

Debit Cash Credit Sales


How do you improve the cash operating cycle?

The cash operating cycle is a function of how quickly you pay your accounts payable, how quickly you sell your inventory, and how quickly you collect your sales (accounts receivable):Cash operating cycle = Average days' inventory + Average days' accounts receivable - Average days' accounts payable.To reduce the cash operating cycle:sell inventory more quickly,collect sales/accounts receivable more quickly orpay accounts payable more slowly.

Related Questions

Do you need a license to sell consumer products?

You need a license to sell consumer products. The license allows you to collect sales tax for the state on your sales.


How much should I pay tax at DMV when sell used car?

If you are the "private" seller you do not collect sales tax. If your states requires sales tax to be paid on a private sell then the DMV will collect it when the buyer registers the car.


As an independent dealer in Florida if you sell a car to someone in New Jersey do you collect the sales tax?

NO..Dealers do not need to collect tax from purcahsers who are out of state residents


Do you have to charge sales tax on the merchandise you sell in a home business?

Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect sales tax.


How much black coffee does Starbucks sell?

Starbucks does not publicly disclose exact sales figures for its black coffee. However, it is a popular item on their menu, contributing to overall coffee sales, which include various brewed and specialty drinks. The company has reported significant revenue from its beverage category, with black coffee being a staple for many customers.


Do Used commercial vehicles dealers have to charge sales tax?

Any vehicle dealer needs to collect sales tax for whatever they sell, unless they are selling to another dealer or wholesaler.


How can you sell a coffee to a desert?

No, but you might sell coffee to a person in the desert.


How to sell coffee in the desert?

You bring coffee into the desert and wait for people to come by, then sell it.


What coffee shops sell cappiccinos?

Coffee shops that sell cappuccinos are Starbucks and Panera Bread.


Does Bolivia sell coffee?

obviously.it sells coffee


Does an Artist selling paintings ata craft show need a tax number?

Yes, you must register for a sales permit and collect sales tax on any crafts including paintings that you sell. Please be certain of the sales tax in the location you are selling, the sales tax at that particular location is the correct amount. For example, in WI, there can be state, county and local sales taxes. If you are in a particular county and city where the sales taxes are higher, you will need to collect that amount and remit the sales tax appropriately. Sincerely, Kari, CPA


Are Indiana auto dealers required to collect sales tax if the vehicle is going out of state?

yes. i am a dealer in indiana and we are required to collect the 7% indiana sales tax and give the customer a tax form stating that we have collected the 7% indiana sales tax. the customer takes the tax form in when regestering the vehicle and payes the difference to their state. for example i sell a car to an illinois resident i collect the 7% and when they regester it in illinois they will pay the difference between the 2.

Trending Questions
Which business process area maintains GL accounts processes Journal Vouchers performs periodic cash balancing activities and conducts period? Why is market share a lag indicator? What is the journal entry to offset cost of issuing common stock legal fees against the common equity account? How would you define contribution margin? Do insurance companies pay income taxes? How often do albertsons get paid? How long does it take to become an account manager? What is a written order to a bank to pay a stated sum of money from the owners account? Can a credit bureau place accounts back on your credit file after they were disputed and removed? When three or more accounts are required in one journal entry the entry is referred to as a? Credit the account for the within named payee without peg regulus? Who is responsible for establishing and maintaining internal controls to achieve the objectives of effective and efficient operations reliable financial reporting and compliance with applicable laws? If you have a requirement to purchase equipment that was previously developed at Government expense and sold exclusively to the military. This type of item is? What does k in box 14 of w2 mean? What is the age that I will no longer have to pay PA school taxes? After you have cancelled a credit card how long does it take for that cancellation to show up on your credit report? Do you have to pay tax if your under 18? Explain why the NPV of a relatively long-term project defined as one for which a high percentage of its cash flows are expected in distant future is more sensitive to changes in the cost of capital th? How do you input expenses with QuickBooks? What is front office cashier?