Sales Tax | Legal > Tax Law | Business solutions from AllBusiness.com - Page 10
Facebook Twitter You Tube RSS Feed
Related

Newsletter SignUp

Get your business loan online with confidence.Thousands of businesses have received loans to date. Get started now!

Sales Tax

Today's Must Read
Miranda Marquit
Before you file your tax return, it is a good idea to consider your situation in 2009, and what might have happened then.
Blog Post
Rieva Lesonsky
Entrepreneurs can't sit around hoping the government will make good on its promises.
Blog Post
Keith Girard
There is reason for optimism about the coming year if Congress acts quickly on a jobs bill.
Blog Post
Tim Devaney - Tom Stein
Hustler founder Larry Flynt and “Girl’s Gone Wild” mogul Joe Francis are asking Congress for $5 billion.
Blog Post
As you prepare to file your small business tax return, you'll need to be aware of several new tax laws that went into effect in 2009. Summarized below are the major changes as...
Blog Post
Keith Girard
The economic recovery is so fragile, a massive tax cut is needed to jump-start consumer spending.
Blog Post
By Diana Ransom |  Filed In: Sales Tax and Tax Law
Research suggests that pushing customers to buy local might not really work.
article
If you are one of the 52 percent of small businesses that has made the decision to operate a home-based business, you no doubt appreciate the consequences of your choice.
Blog Post
By Sam Thacker |  Filed In: Sales Force and Sales Management
KPIs and dashboards are here to stay, and companies are most successful that tie their operational activity to their company goals.
article
Ramon Ray
As the aliens of the TV show "V" would say, humans are quite predictable; we are creatures of habit.
Blog Post
By Mark Henricks |  Filed In: Finances and Manage
Content Provided by Our Sponsor
article
Keith Girard
When the bell tolls on 2009, the franchise industry will close the books on one of the worst years in its history. Will 2010 be any better?
Blog Post
How is your business doing? Have you conducted a business review lately? As the year draws to a close, there is no better time to start planning again - and this invariably means...
Blog Post
Make sure you have your records in good shape before the year turns a corner so you can save yourself time and headaches.
Blog Post
By Don Sadler |  Filed In: Company Liquidations & Dissolutions and Company Strategy
The IRS requires owners to take a number of specific actions.
article
By Don Sadler |  Filed In: Finances and Manage
Content Provided by Our Sponsor
article
The best way for President Obama to help small businesses is to enact initiatives that encourage consumers to start spending again.
Blog Post
By  | Filed In: Corporate Tax and Tax Law
Numerous tax law changes that have been in effect during 2009 will affect many personal and business taxpayers. Here is a summary of the most critical ones affecting both individual and business taxpayers.
Blog Post
By Peter Suciu |  Filed In: Internet Retailing and Mail order & Internet Retailing
E-commerce sales could be taxed to level the playing field.
article

New On AllBusiness

Business Glossary

Definitions for: sales tax
sales tax

state or local tax based on a percentage of the selling price of the goods or service that the buyer must pay. It is not revenue to the seller, who simply collects it and passes it onto the state or local government. Assume credit sales of $30,000 are made with a sales tax rate of 8%. The entry to record the sale is:

Accounts receivable 32,400
Sales 30,000
Sales tax payable 2,400

The purchaser cannot deduct sales tax as an itemized deduction.

Search the Business Glossary: