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Telecommunication Taxes & Fees by State | TaxConnex

TaxConnex

In addition to state and local taxes, your business may also be subject to various federal and state regulatory obligations. Most taxes are administered by the state Departments of Revenue (DOR) and local jurisdictions. The remainder of this blog will discuss the various tax requirements for a telecom company.

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Three C’s of Sales Tax Compliance

TaxConnex

Sales tax is meant to be a pass-through tax and thus one that should have minimal impact on a company’s bottom line. The sales tax is collected by businesses and “passed-through” to the taxing jurisdictions. It’s important to understand your situation and choose the right solution for you.

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5 Steps to Put Your Business on the Right Track to Maintain Sales Tax Compliance

TaxConnex

At this point, the majority of finance professionals understand the need to maintain sales & use tax compliance. Or you acquire a business that has done very little to manage sales and use tax compliance? Understand if a VDA is right for your business. Complete a Nexus Review. Understand your exposure.

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What is the difference between sales tax and VAT?

ThomsonReuters

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. legal services).

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Should you register for GST/HST and QST and What it Means to Be Zero Rated

Ronika Khanna CPA,CA

The simple answer is that if you anticipate that your annual gross revenues (total sales) are going to exceed $30,000 and your products or services do not qualify as Exempt or Zero rated (explained below) , then you are required to register for GST/HST and collect sales taxes from your Canadian customers and clients.

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What is use tax?

ThomsonReuters

Jump to: What is use tax? Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. What is use tax? How does use tax work?

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Accounting Tips for Start up Freelancers

Cheap Accounting

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Here’s a few tips to get you started. There is no formality to setting up as a sole trader as there is no distinction between you and your business; basically you just get started. What taxes will I pay?