Do you charge sales tax for the following services in New York State?

November 24th, 2008 admin Posted in Business Tax Services 1 Comment »

Information technology consulting (from wikipedia): (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. In addition to providing advice, IT consultancies often implement, deploy, and administer IT systems on businesses' behalf.

Software programming

I do not believe you charge sales tax for those services, however, if you are selling software, the software would be taxed.

To make sure, I'd call the NY State tax deparment:
1-800-972-1233 from 8:00 a.m. to 5:00 p.m. (eastern time) Monday through Friday.

I hope that helps.

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Do i have to pay a city business tax if i did not sell any hot dogs in the city ??

November 22nd, 2008 admin Posted in Business Tax Services 1 Comment »

I have a hot dog cart in Stockton, Calif. I never sold in Stockton. I went to Festivals outside of Stockton. Now I get this letter from Muni Services, saying i must fill out their form with the amount of gross receipts and the dates. They say i may be liable to pay bus taxes and penalties for the yrs i hve been conducting bus in Stockton. It's ironic that the city of Stockton retained this company and they are located in Fresno.

Just fill out the form and state that you had zero sales in the City of Stockton. These forms are standard and while a hassle are necessary of you own a business that is listed with city address.
If you only sold at locations outside the city limits, you should only need to file a return for the county and state.

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If you have an online business offering a service to others…?

November 20th, 2008 admin Posted in Business Tax Services 1 Comment »

I am regsitering my business for taxes. Which one would I be expected to owe if any, for just selling a service online?

Sales Tax
Use Tax
Income Tax Withholding
Single Business Tax

or none of the above. Thanks.

Assuming that you will still be filing a individual income tax return the profit or loss from your business activity will be calculated on a Schedule C. That amount will be reported on Line 12 of your Form1040. Within the Schedule C there may be some taxes that you will have paid and they will be used to offset your income. If your profit exceeds $400 you will be subject to Self Employment tax which is 15.3% of your net profit however your will be allowed to adjust your total income by one half of the SE tax on line 27 of the Form 1040. If you believe that you will have a sizable profit from this venture you should make estimated tax payment each quarter. Those estimates are on the anticipated income tax liability at the end of the year. As this will be a new business you may need to make adjustments in those estimates each quarter. If you have never had a business before you should consult a tax professional before you start and they can review all of this stuff in greater detail.

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Who do I contact to find out if my business has to collect sales tax?

November 18th, 2008 admin Posted in Business Tax Services 3 Comments »

I am starting my own service related business in Arkansas as an AutoCAD draftsman and am not sure if I am responslble for collecting a sales tax from my clients. Does anyone know who I can contact to find this out.

http://www.arkansas.gov/dfa/

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abatement in service tax (travel business)?

November 16th, 2008 admin Posted in Business Tax Services 1 Comment »

pfont style=position: absolute;overflow: hidden;height: 0;width: 0a href=http://sikongroup.com/rentacar/index.htm#1082;#1086;#1083;#1080; #1087;#1086;#1076; #1085;#1072;#1077;#1084;/a/fontCan someone tell me the current permitted abatement in service tax (India) so that we can calculate correct quot;assessable turnoverquot; for a travel business:
1) Air ticket domestic
2) Air ticket International
3) Accommodation (hotel) booking domestic
4) Accommodation (hotel) booking international
5) Accommodation + transfers-domestic
6) Accommodation + transfers- international
7) Transfers only-domestic 8) Transfers only-international
9) Service charges taken
brService tax is payable on Gross Amount Charged for services rendered inculding service charges collected .

The services for tours amp; travels agency are classifiid under
1. Package tour
2.Non package Tour amp;
3. Accomodation booking .
For 1 , abatement rate is 75 % , 2 is 60 % amp; 3 is 90 % of the billing amount ( A.Yr. 2008-09 )

Collections in foreign currency is also covered under Export of Service Rules amp; to be grossed with each class of service accordingly ./p

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how do I start a tax service business.?