Steps to Register for a Sales Tax Permits for Your Business
If you are a business owner going to sell your products or services, sales tax is something hard to miss. It is a mandatory consumer tax that buyers pay during the…
How to Figure Out the Rate of Sales Tax on Your Car?
You want to buy a car and have researched all the price ranges, features, and specialties of it. You make your calculations on payments after discounts or EMI facilities. But…
Difference Between Sales Tax and VAT: A Detailed Guide
Do you often confuse sales tax and VAT? Well, you are not alone in this dilemma. The manifold similarities between these two indirect taxes often confuse the taxpayers of today.…
Top 10 States with Highest Sales Tax in the USA
Running your business in one state is simple: considering the filing of sales tax at the end of a fiscal year. But it becomes challenging when you want to expand…
House Sale Tax: What You Need to Know Before Selling
House sale tax is the tax that individuals must pay to the government upon the capital gain they receive after selling their property. Capital gain is the profit that you…
How to Claim Sales Tax Deduction on Foreign Real Estate
Dealing with any sort of real estate comprises tax implications. It does not matter whether you are buying or renting a house “locally” or “abroad”; you will have to pay…
Moving To a State With No Sales Tax: Pros, Cons, and Hidden Costs
A sales tax-free state is nothing less than a dream for business owners trying to circulate their business overseas. There are a handful of states in the USA that apparently…
Sales Tax Vs. Use Tax: What Is the Difference and Why Does It Matter?
Taxes play a crucial role in influencing the economies and behaviours of consumers. Sales and use taxes are among the taxes that are often confusing, especially to businesses and persons…
A Detailed Comparison Between the Payroll Tax and Income Tax
Understanding the differences between payroll tax and income tax is essential for both employers and employees. Both of them are types of employment taxes but they differ in their characteristics…
A Complete Guide to Phantom Taxes
Understanding the nuances of different types of taxes is crucial. One such type of tax is phantom taxes. Phantom taxes can occur in various scenarios, making it an unpleasant surprise…