Welcome to Sales Taxes Guide
Taxes On Independent Sales 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.
Taxes On Independent Sales Specific Links
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
Free Tech and Gadget Reviews!
- Watch GeekBrief With Cali Lewis on Mevio!
-- http://www.geekbrief.mevio.com/
Free tech talk and news video!
- Watch Tech5 with John C. Dvorak now!
-- http://www.tech5top5.mevio.com/
Watch Funny Videos!
- Click here to see funny videos, pictures, jokes, commercials, and more funny stuff from Comedy.com.
-- http://www.comedy.com/
New Rap Music
- Search Emerging Artists & Help Vote Them Into Stardom. Join Today
-- http://www.ourstage.com/
Taxes On Independent Sales News
California running out of cash - Independent
California Governor Arnold Schwarzenegger , saying his state is going broke, declared a fiscal emergency and ordered the incoming class of lawmakers into a special session to fix a widening $11 billion deficit. Schwarzenegger, a 61-year-old ...
Read more...Merkel resists calls for tax cuts despite retail sales collapse - Independent
GERMAN Chancellor Angela Merkel swept aside calls to cut taxes now rather than wait until after next year's national election, saying that her party "must have the courage to swim against the tide" to tackle the economic slowdown. She spoke as new ...
Read more...Port Orchard Independent - Bothell Reporter
Sound Off is a public forum. Opinions are selected from letters to the editor or may be written specifically for this feature. Today, Kitsap Alliance of Property Owners (KAPO) president Karl Duff, a Port Orchard resident, argues that the Puget Sound ...
Read more...The Right Money Steps -- and the Right Mindset -- for the Recession - Earthtimes
NEW YORK, NY -- 12/02/08 -- Many businesses are facing the first serious recession that will affect them in a significant way. Successful navigation of the new environment may require a whole new mindset and focus -- including a willingness to deal ...
Read more...Beer industry bids to cut taxes - Channel 4 News
The beer industry has launched a campaign to scrap increased alcohol taxes amid fears they will place more pressure on the struggling pub sector. The British Beer and Pub Association (BBPA) says recent tax increases on beer prices are the "death ...
Read more...