Because each state handles this delayed sales tax differently, you should carefully check your state's laws. Florida provides an example of the difficulty of continuing to avoid the sales tax on a boat brought in from another state. Florida requires anyone buying a boat from a dealer registered...
If your business sells taxable goods and services, you’ll need to charge sales tax on your products unless you have a sales tax exemption certificate. This document allows you to purchase items or services without paying sales tax. This blog post will discuss what a sales tax exemption certif...
Materials to build or renovate a home. Recreational vehicles. Off-road vehicles. Aircraft. Boats. Taxes spent on leased vehicles can also be deducted. Don’t include sales taxes paid in relation to your trade or business, or if you’ve already received a refund for the sales tax in the ...
In 2015, New Jersey elected officials reduced the sales tax on boats to 3.5 percent, and implemented a $20,000 tax cap on boat sales. The move came in response to the economic downturn, Hurricane Sandy and surrounding states having lower tax rates and incentives to boat buyers, which result...
financing, and dealership your paying tax. I financed a boat from a dealer and closed on everything without paying tax. I did pay tax eventually when it was registered, but the bank had and continues to have no idea it was ever registered, in what state or whether tax was paid.Drive ...
Retail sales nationwide during the three-day holiday ending Sunday climbed 9.5 percent year on year, said the State Tax Administration. Sales of daily necessities like staple foods, oil, vegetables, fruits, eggs and meat shot up 28.4 percent from a year earlier. ...
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Does your business need to charge sales tax on services? What are taxable services? See what the rules for sales tax on services
Share on Facebook conditional sales contract Asaleof anassetin which thebuyerassumes possession and may have use of the asset, but thesellerretainstitleuntil the buyerpaysits fullpriceand may repossess the asset if the buyer does not. In exchange for the right to use the asset, the buyer ...
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