FYI Graf's

[gunsandgunsmithing]

After I retired from law enforcement I worked another 17 years as a computer programmer. It would be pretty easy to develop the code to handle all of that, hands off, for small businesses. I'm sure someone has, or will, provide you with such a thing ...... for a "small monthly recurring cost."

I bet it isn't small. What choice do we have? Would it not lead to changing to an invoicing/inventory/accounting program that incorporates it...again, at a small fee, of course?

 

[nicholst55]

I believe all "internet" sellers are now collecting the local sales taxes due based on your Zip Code and remitting it to the appropriate State, which then sends any local option sales taxes to the local government. I don't mind paying this as I order things that I cannot purchase locally. For example, I cannot buy any reloading supplies locally, the nearest source to me is a Bass Pro that is 50 miles away and they not only charge Retail++, they have a terrible selection...….at least they did when I last went there about 2 years ago. Buying online is the only way I can get what I need and paying state and local taxes on those purchases is OK with me.

Interesting. Wonder what state they will charge me sales tax for, since my zip code technically belongs to NO STATE (APO address). Normally, whenever I enter my zip code online, I'm told that it isn't valid.

 

[newbieshooter]

.......Also, is it not an undue hardship on small businesses to know every single municipality's sales tax rate, before the sale can occur? .......

A lot of states are on the streamlined system. Still a work in progress...
https://www.streamlinedsalestax.org/

 

[LarryDScott]

I havent cked on this yet, but I can only see one solution for me, for all sales regardless of origin, they would pay 6% Ky sales tax just as if they made a F to F purchase. There would be no way for an internet seller to have knowledge of the sales tax rates for all states since some states have different rates for areas of that state.
If I'm forced to collect 6% Ky tax and the customer pays w/a card that costs me 3% of the total, I've been eating the 3% cost on his product/postage/optional insurance, but I cant absorb any more costs. Now if I raise the price of product to offset all the add ons, all I succeeded in doing is making a bigger figure to tax. This is going to be a real CF. LDS

 

[GT Accuracy]

I havent cked on this yet, but I can only see one solution for me, for all sales regardless of origin, they would pay 6% Ky sales tax just as if they made a F to F purchase. There would be no way for an internet seller to have knowledge of the sales tax rates for all states since some states have different rates for areas of that state.
If I'm forced to collect 6% Ky tax and the customer pays w/a card that costs me 3% of the total, I've been eating the 3% cost on his product/postage/optional insurance, but I cant absorb any more costs. Now if I raise the price of product to offset all the add ons, all I succeeded in doing is making a bigger figure to tax. This is going to be a real CF. LDS

Larry,

I had this same question for my CPA. His basic response:

"it is your responsibility, as a seller, to update your Point of Sale and/or Accounting software for the new sales tax laws. whatever that takes....get it done."

So I looked into my quickbooks online account. there was a very easy way to add every state's sales tax info with a few clicks of a the mouse. Took about 20 minutes. Stinks, I know, but retail sales are up a lot since the big online players now have to charge tax AND ship.

 

[LarryDScott]

I stopped by the KY Sales tax office today. As it currently
stands no internet sales of product shipped by interstate commerce is affected by Ky sales tax. Only product sold to Ky residence is liable for Sales tax. LDS