Welcome to sales taxes Guide
New York State Sales Taxes Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Collecting Louisiana Sales Taxes
from:In order to know whether a merchant needs to collect Louisiana sales taxes, he should take the time to read either online or in hard copy the requirements and exemptions for assessment of Louisiana sales taxes. One of the biggest questions that one may ask is how Louisiana sales taxes apply to Internet sales. In short, it is applied in the same way as catalog sales—if the merchant has a physical presence in Louisiana or delivers physically to Louisiana with their own trucks, the purchase is subject to Louisiana sales taxes. Of course, you expect the merchant to collect the sales tax, but if he doesn't, the buyer is liable to report the purchase and applicable sales tax. If you fail to do so, and the state of Louisiana finds out about your purchase, they have the right to bill you or the seller for the purchase.
At the present time, Louisiana sales taxes are assessed at four per cent with cities and municipalities having the option to assess their own taxes aw well. For the new merchant, do not even attempt to determine what you should tax because Louisiana has a number of exemptions. You are better either keeping a list of exemptions handy or incorporating a tax programs that will make that determination for you with each sale. Programs such as Vertex are programmed to do just that, and they are based upon the information that is programmed concerning each state. Once you enter a sale in a given area, based upon the zip code, the program will determine if the purchase is taxable or non-taxable and charge the customer accordingly.
If you aren't using a computer for all of your sales, you may want to enlist the help of your accountant to determine when to apply Louisiana sales taxes. By engaging the aid of your accountant, you don't have to concern yourself with that aspect of your business, and you know that you are applying the rate to the right group of products or services in accordance with Louisiana tax laws. Getting it right the first time is much easier than trying to catch up on it later when you may have to pay penalties and interest on top of Louisiana sales taxes. Keep in mind that it is far simpler to do it right the first time than to have to backtrack later. Before you make the first sale, you need to make sure you have all the information you need about Louisiana sales taxes in order to assure that you are collecting taxes only when necessary.
New York State Sales Taxes News
Heard in more states: See you in tax court! - CNBC.com
Heard in more states: See you in tax court! CNBC.com (Reuters) - Georgia State Representative Allen Peake owns 20 restaurants and this year he took his frustrations with his tax bills to the state capitol, where he helped push through legislation creating a new state tax court. "I've had several sales ... |
Fitch Rates Suffolk County, NY's GOs 'A+'; Outlook Negative - MarketWatch (press release)
Fitch Rates Suffolk County, NY's GOs 'A+'; Outlook Negative MarketWatch (press release) Persistent operating deficits due in large part to over-estimation of sales tax revenues, the use of non-recurring revenues and increased fixed costs have led to significantly reduced reserve levels and structural imbalance resulting in the county ... |
From The Desk Of NY State Senator Jack Martins: May 23, 2012 - Three Villages Times
From The Desk Of NY State Senator Jack Martins: May 23, 2012 Three Villages Times The old rule regarding those charges, as reflected in public record on at least 10 separate occasions by the New York State Department of Labor and consistent with state and federal tax laws, repeatedly held that “a service charge is not a gratuity ... |
GoPayment Uses Geolocation to Help Small Businesses Determine Local Sales Tax - SYS-CON Media (press release)
GoPayment Uses Geolocation to Help Small Businesses Determine Local Sales Tax SYS-CON Media (press release) Using this technology, GoPayment helps small businesses get paid confidently wherever they are by accurately calculating taxes based on the precise location of a sale, taking into account the city, state and municipal tax codes, as well as special tax ... |
Report: State tobacco prevention funding lacking - BusinessWeek
Report: State tobacco prevention funding lacking BusinessWeek By MICHAEL FELBERBAUM States have spent only about 3 percent of the billions they've received in tobacco taxes and legal settlements over the last decade to fund tobacco prevention programs, making it harder to reduce the death and disease caused by ... |