Date: 07-14-2006, 01:09 PM (1 of 2)
I just found out that in my state I need to charge sales tax on embroidery work - what a bummer.
" Section 1. Tax applies to charges for producing, fabricating, processing, printing, or imprinting tangible personal property for consumers who furnish either directly or indirectly, the materials used.
Member since: 04-10-2004
Total posts: 80
Date: 07-15-2006, 06:25 PM (2 of 2)
I've found an easy way to keep track of sales tax is to transfer it from my business checking to a separate ING account (you can make subaccounts there). Then I know exactly how much I have to send to Dear Mr. Governor every quarter - I just don't add the (tiny) interest it earns into my Quicken account for business until after the quarter (and then I usually transfer it over to a different ING subaccount right away).
Did that make any sense? Anyway - it works for me. It's a good paper trail, too.
Member since: 12-28-2005
Total posts: 53
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