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Sales Taxes In Texas Article
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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.
Sales Taxes In Texas News
Tax Free appliances this Memorial weekend - KETK
 abc13.com | Tax Free appliances this Memorial weekend KETK During Memorial Day weekend, Texas shoppers get a break from state and local sales and use taxes on purchases of certain energy efficient products. The 2012 ENERGY STAR sales tax holiday begins at 12:01 am (after midnight) on Saturday, May 26, ... Energy Star Sales Tax Holiday Tax-free weekend means double-dipping for cps energy customers |
State Sales Tax Revenue In April Was $2.07 Billion - Teague Chronicle
State Sales Tax Revenue In April Was $2.07 Billion Teague Chronicle Texas Comptroller Susan Combs announced recently that state sales tax revenue in April was $2.07 billion, up 10.9 percent compared to April 2011. "Sales tax revenue has now increased for 25 consecutive months. Recent strength in sales tax collections ... |
North Texas cities find relief in sales tax number crunching - Fort Worth Star Telegram
North Texas cities find relief in sales tax number crunching Fort Worth Star Telegram Sales tax revenue makes up 19 percent of Fort Worth's general fund budget, so folks at City Hall pay particular attention when the Texas comptroller's office releases sales tax collection numbers. The update that the city manager delivered to the City ... |
Extra attention focused on unbuckled seat belts: Texas Press Association State ... - Blanco County News
Extra attention focused on unbuckled seat belts: Texas Press Association State ... Blanco County News Shoppers don't have to pay sales tax on certain appliances under the state's annual “Energy Star Sales Tax Holiday,” May 26 through May 28, which is also Memorial Day weekend. Texas Comptroller Susan Combs on May 14 published a statement saying the ... |
Legality of Amazon-Texas sales tax deal questioned - Houston Chronicle
 Austin American-Statesman | Legality of Amazon-Texas sales tax deal questioned Houston Chronicle AUSTIN, Texas (AP) — Celebrations over the state of Texas settling a sales tax dispute with Amazon.com may soon be tempered. Under the deal announced by Texas Comptroller Susan Combs, the online retail giant will begin collecting sales taxes July 1 on ... Amazon's tax deal with Texas is illegal, some say Did deal with Amazon violate state law? Amazon.com Sales Tax Settlement Questioned |