Friday, December 20, 2019

4 Common Sales Tax Mistakes Business Owners Make And How To Avoid them.

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Photo by The New York Public Library on Unsplash

In life, few things are as certain as tax. It has become a permanent part of our everyday business life. There are different kinds of tax, like income, personal and sales tax.

Only a small number of people are exempted from the obligation and responsibility of paying tax. Not paying attention to this responsibility can cost your business much more in penalties.

Sales tax are constantly changing as all states now require companies that have nexus, or some kind of presence that triggers legal obligation, to collect and remit sales tax. This was after the Supreme Court determined in the wayfair nexus case that an out-of-state seller can have economic presence in a state where it has no physical presence, and can be held legally accountable for collecting tax.

While most established businesses have mastered the art of managing their sales taxes effectively, other businesses make some costly mistakes that come back to haunt them.

Effective management of sales taxes requires efficient planning. This is because the tax laws regulations are a little complicated as different laws apply to different jurisdictions.

The following are five common sale tax mistakes that business owners make. In this article, we shall discuss those mistakes and offer tips on how you can avoid them.

1.  Late or no Filing 

Many small businesses make the mistake of not knowing, or totally forgetting the time required to file their sales taxes.
Different states have different times for proper filing. In many states, the sales taxes must be filed on or before a particular date every month. In these states, failure to comply attracts stiff penalties. In other states, filings can be done after the required dates without penalties.
In those jurisdictions that insist on meeting deadlines, the penalty may be as much as 5% per month. Non-payment of filing will attract a higher percentage of penalties.
Therefore to avoid penalties and fines for late payment in filing sales taxes, small business owners should take note of the tax laws of the various jurisdictions where their businesses are located.  
Not Filing Where Products Are Sold

A sales tax by its name shows that it is a tax collected from the sale of a product. According to Wikipedia,
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.
Many small businesses do not avert their minds to the fact that they are liable to pay taxes everywhere their products and services are sold and not only in the place where their business is located
Accordingly, every business is required to calculate and file sales taxes in all the places where its products and services are sold. Many small businesses have fallen into this mistake and incurred avoidable penalties.
   Not Consulting A Tax Expert.

Many small businesses want to save costs by trying to personally manage most aspects of their business.
But filing and complying with the various tax laws and regimes can be complicated. If it is mismanaged, the consequences may see the end of the business.
Employing the services of a tax expert will ensure that you are never behind in filing your sales taxes thereby saving you much-needed cash in the long run.

 

Failing To Use An Updated Sales Tax Software.

 

Our memories as human beings are not reliable. We tend to forget deadlines, targets, and other details required to efficiently file sales taxes.

 

But thankfully there are sales tax software designed to help companies prepare and file tax returns as at when due.

 

Tax laws are always being reviewed, and so it is important to ensure that your software is up-to-date. Ensure that your app is updated to comply with the new regime.

 

Many business owners fail to update their software, and are shocked to find that they ended up filing the wrong tax. And of course, you know that wrong tax filing can attract fines and unpleasant penalties.

 

Conclusion:

 Every business owner wants to make profits at the end of the financial year. Avoiding fines and run-ins with the law can hinder you from accomplish your goal of growing your business.

 

To avoid these common sales tax mistakes, use hire a professional tax professional, use an up-to-date tax software and pay attention to the rules in your jurisdiction.


Tuesday, December 17, 2019

5 Ideas How to Show Character with Personal Style

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Choosing clothes and getting dressed is a part of our daily routine. But, have you ever asked yourself what are your clothes revealing about you? Usually, each clothing item we wear tells its personal story to the world.


Thursday, December 12, 2019

Did You Know That Titanium Rings are Perfect For Sensitive Skin?

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The Problem With Allergies

The most common in a woman’s world are allergies through jewelry. If we want our jewelry to not cause rashes and allergies on every surface it touches on our body then it is important to know which material you are allergic to. So that you can avoid buying that material altogether. Women often get stumped in this scenario i.e. what on earth should they wear then? If they are allergic to gold, silver, steel, and other metals then which type of jewelry metal can we actually wear without fear?

Friday, December 6, 2019

Things to do in Seattle: Exploring an Iconic Landmark and a Local Hub

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If you are searching for photo opportunities, then the gum wall and Rachel The Pig are perhaps the best places to be in the beautiful city of Seattle. But if you desire to do something different, then Pike Place Market can be your destination. After Space Needle, this busy market attracts both residents and tourists. From restaurants to coffee shops to quirky shops, this market center has many surprises for you in and around it.

Thursday, December 5, 2019

Things to Consider When Planning Your Perfect Wedding

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Planning a wedding can be a mind-wrecking task. The wedding will be the biggest event of your life and if things don’t go well, you might regret it your entire life. If you want to plan the big day yourself, try to make a schedule first. A wedding schedule will help you figure out everything you have to do before the wedding. Here are a few things that you should consider before making the schedule.

Monday, December 2, 2019

How To Choose The Perfect Wedding Photographer For You

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Choosing a photographer for your wedding day can be an overwhelming and daunting task. There are so many options to choose from, and things to consider, if you want to enjoy a magical experience on your big day, and have plenty of happy memories beautifully captured in the pages of your wedding photo books.

Tuesday, November 26, 2019

Winter Stroll Must-Haves for Twins

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Twins can be a significant problem for parents when it comes to taking them around. This can be a problem even if there aren't any twins. Instead, toddlers can continue sticking up with their stroller days. This can cause a major headache for parents, but it can be easily solved by getting a double stroller. This is a perfect solution for multi-child households since it provides a lot of conveniences.

Wednesday, November 20, 2019

Meeting Men or Women Online for a Fun Time

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There are three types of people who can be found on online dating sites – those that are looking for fun tonight, those that are looking for their soulmate, and those that are just curious about what these sites are all about and wanted to test the waters.

Wednesday, November 13, 2019

Romantic Getaways in Majorca

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Majorca houses a lot of interesting and fantastic places that you can visit for fun and entertainment. Majorca is spectacular with its golden beaches, idyllic coves, medieval Moorish architecture, and forests of pines and almond trees. This is a perfect spot for couples looking forward to immersing themselves in the ocean of their love without having to regret any moment. To learn more about Majorca, Protur Hotels got you covered. Here we have made a list of some spectacular places in Majorca that you can visit for during your romantic getaway.


6 Ways to Keep Your Relationship Alive

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Do you ever wonder why many relationships fail and only a handful survive a lifetime? If so, you might conclude few are destined to last. Ask any happy couple who have been together for decades though, and you'll discover the real reason people live happily ever after or break-up. Couples in long-standing partnerships know you must work to keep your relationship alive.


Monday, November 11, 2019

Important points you should remember for a happy and safe kayaking experience

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When you are at Mission Beach, give in to your adventurous side. Listen to the voice inside that asks you to explore the serene blue waters and calm beaches. Check out the lonesome and tranquil kayaks floating out in the bay. You need to try kayaking at Mission Beach, California, to experience true solace.
You can choose to go on a solitary soul-seeking journey for a couple of hours. Or you can take your loved someone away from the clamor and whisper sweet nothings to each other.

Friday, November 1, 2019

6 Recovery Podcasts You Should Be Listening To

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Addiction recovery is a long journey. Aside from dealing with its impacts on your health, you also have to confront the emotional burden that comes along with the process. It’s extremely important for you to stay positive no matter what and adopt a healthy lifestyle to overcome addiction.

Wednesday, October 30, 2019

The 5 Best Things About Women Riding Bikes

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1. Having limited space to transport stuff prevents us from lugging too much stuff around and forces us to minimise the excess we would otherwise cart around.

2. It is the best excuse to invest in a brand new leather motorcycle jacket!

Everything you need to Know about Silicone bands for your Wedding

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Weddings are all about traditions, and most of these are expensive compared to other events of your life. When you are preparing for your big day, it gets exciting, but you get those unwanted creases on your forehead as well when the bills finally add up.

Pair Your Jewels to Look Elegant on Your Big Day

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Jewelry always remains to be a woman's most delightful area of interest. Women in all age groups and even some men are crazy about the different jewelry types. But there is always an exclusive space for those who seek to buy jewelry for their marriage. Bridal jewelry has consistently received the highest preferences at jewelry stores.

Attractive breathable nail paints – How are the makers packaging it perfect?

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The nail paint and nail art domain are expanding at a fast pace! No one though a decade back that nail paints can come such a long way and evolve in smart ways. Today, cosmetic experts are giving ample importance to nail health and are introducing products that boost nail health and structure. For this, they have been coming up with nail nourishment oils, organic nail polish remover, French manicure, and the like. One of the latest discoveries was the breathable nail polishes, which allows water to pass through it, unlike the standard nail polish.

Why buying a property abroad can be beneficial?

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You may not entertain the idea of investing in a property in a foreign locale, thinking it could be a complicated procedure. But there are some destinations, which provide exciting investment opportunities and can be worth exploring. Of them, Costa Rica is one ideal example where US people keep sending money for buying a property, such as a condo in a resort-style setting, home for single families, or a piece of land. No matter which category you choose, you can expect it to be an advantageous purchase for several reasons. In this article, you will learn about them quickly.

Sunday, October 27, 2019

Why Some People Feel It Necessary To Be In A Relationship

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While some people are content in being single, a lot more feel destined to find their lifelong partner. Fortunately, there are innumerable ways to search for a soul mate. There are many online dating websites and brick-and-mortar establishments where singles hang out. Why do some people feel it necessary to be in a relationship? Find the answers to that question in the article below.

Invest in a New POS System: Your Car Wash Employees Will Thank You

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 Your point of sale system is one of the most important pieces of equipment in your car wash business. It is how you and your employees take payments using your credit card processing services. What you may not realize is that your outdated system is causing a lot of frustration. It is time to invest in a new POS system. Below are some reasons why your team will thank you.

Friday, October 25, 2019

The Best Places for Aspiring Actors

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For those wishing to break into acting, the first place that often comes to mind is Hollywood. Aspiring actors want to go rub elbows with famous directors like Heather Parry and Christopher Nolan.

Thursday, October 24, 2019

How to help your Child who is having problems in School

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Children can display a wide range of behaviour at school, ranging from rather normal disruptive chats to gritty fighting and name-calling on the playground. The main reasons behind these types of behaviour stem from a kid having strong feelings and require assistance with getting those sorted out.

Tuesday, October 22, 2019

Budget traveling: Tips for finding the cheap flight deals

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The countless search options, a plethora of comparison websites, and continuously varying prices can give you a hard time finding an affordable flight ticket for your preferred destination.

One Way to Succeed at Custom Trade Show Rentals

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Are you looking forward to showcase your business, products, and services? Marketing is more than arranging displays for customers to walk through. Your company needs to employ an excellent and reliable design firm to make it a success.

Saturday, October 19, 2019

How To Identify And Manage Baby Lactose Intolerance

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Transitioning from breastmilk to infant formula is a convenient way of ensuring that your baby receives ample nutrition throughout their most critical stages of development. However, most formula preparations are derived from cow’s milk which is high in lactose. Lactose is a sugar found in many foods that is digested by the lactase enzyme in the human body.


4 Must See Places in Nanning China Guangxi - Attractions That No Tourist Should Miss

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Nanning, which is the capital city of Guangxi province, is a picturesque destination formed by rivers, valleys, and stone peaks that tourists would find extremely attractive. Nanning boasts of its abundant natural beauty that is a dream for nature lovers who can enjoy their time in exploring the mountains, caves, and exotic parks.

Tuesday, October 15, 2019

These Reasons Make Mixbook the Best in Creating Photo Books

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Good memories are great when properly documented. Occasions such as a child's first birthday, a wedding or a fancy trip with friends are good to document in a photo book. Using your iPad or any smartphone to recap your photo memories cannot beat a photo book.

A Close Look at Stages of Film-Making

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Film making and television production have close links to film studios, which are the birthplaces of movies. It is unthinkable for filmmakers to work on films and complete the production process without the involvement of film studios. 

Monday, October 14, 2019

Essential style tips when purchasing graphic t-shirts for regular use

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T-shirts can be real loudmouth, so you must choose the right one. They can sport slogans, support causes, and favor brands along with characters. This is why it is essential to understand what you are going for before making a purchase.

Wednesday, October 9, 2019

Tips on Renting a Boat for your Vacation

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Renting a boat is not a very difficult task, especially if you have hired one before. However, for first-timers, given below are few tips that you can follow so that the process of renting a boat is not a tedious task and so that you do not get hoodwinked later.

What guidelines will you follow for pontoon rental? Check these out below: -

Friday, October 4, 2019

How to Make the Most Romantic Wedding Invites Ever

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Your wedding day should match your dreams — and for most people, their dream is to have the most romantic day ever. However, achieving a romantic atmosphere isn’t easy; it requires you to pay attention to the details, tailoring them to your romantic vision.


Wednesday, October 2, 2019

Love & Marriage: The Future of Relationships

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Falling in love and getting married are goals couples share when considering their future. Discussing finances and financial goals is part of this. A healthy, balanced relationship works when checking in with each other about finances. This communication can build a life plan for a stable future each partner wants.

Monday, September 30, 2019

15 Most Romantic Wedding Venues in the World

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A wedding is an intense time for every pair of lovers in the world. It is the event that you will remember for the rest of your life and because of that, it should be a special one. There are many venues in the world where you can enjoy your wedding at but some are more impressive than others. Here is a list of the best and most romantic 15 wedding venues in the world to consider!

The Future of Adult Entertainment

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Without a doubt, there have been tremendous improvements in technology in different areas and industry. This includes the sex toys industry. Virtual reality has become a phenomenon that is accepted and recognised worldwide.



Friday, September 27, 2019

4 Rules Associated With Finger Rings That Men Should Know

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How can you tell whether a person is married or not? The answer is simple. You only look at their left hand and the ring finger to understand if they are married or engaged. This is the immense power associated with this particular circular object. A finger ring is capable of informing the world about you, as stated by www.realmenstyle.com.
 

4 travel benefits of credit cards you should never miss out on

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If you are a frequent traveler, you will have at least one premium card. The premium credit cards are beneficial because of the reward points and flyer miles that you can accumulate with regular use. All of these advantages, coupled together, will lower your travel expenses, but you must understand where to look.

Tuesday, September 24, 2019

Monday, September 23, 2019

Eyebrow Tattoo – Shape Your Brows the Way You Want

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Beauty trends change with time! From lipsticks, hairstyles, make-up patterns, and face contours, everything changes with time. The same applies for eyebrows. A decade back women wanted to flaunt the thin, arched eyebrows like Greta Garbo.

Why Choose Functional Medicine Over Conventional Treatments?

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Today people are on the lookout for alternative medical care methods. Functional medicine, simply put, is a holistic method to treatment that aspires in treating a patient physically, yet also on a spiritual and emotional level. It rests on the assumption that people are unique and possess distinct biochemistry.

Piano lessons: Popular musical genres and beyond

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On Long Island, you get innumerable choices in private piano classes, and similar can be the experience when you have to pick a specific musical style for specialization. While choosing a course can be methodical, you need to listen to your inner calling to recognize which music you would enjoy playing the most on this percussion instrument.

Thursday, September 19, 2019

Kick-start Your Career in Microblading – How to Find the Correct Training Class?

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Sometimes, the ways people decide on their career are because of common reasons. There are moments when someone got benefited by a specific technique or life skill and decided to pursue the same as a career. Today, most women are choosing their career in microblading because of this reason.

5 Tips To Caring For An Ill Spouse

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You’ve loved your spouse for a long time. You’ve been married for years and seen your share of ups and downs, but an illness can be an especially hard time in a marriage, especially for those couples who are both seniors. In addition to the fact that they themselves are aging and possibly have health issues of their own, now they are caring for their spouse as well. Being a senior and caring for a spouse who may be terminally ill is a heavy load to bear. Here are tips to help you get through this difficult time.

Wednesday, September 18, 2019

How Can Travel Companies Help in Planning the Perfect Tour Getaway?

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Australia is one of those countries that you have to visit at least once in your lifetime. The scenic views of the countryside, the exotic animal life, alluring destinations, and the warm hospitality this continent offers is indeed spectacular. It appeals the visitors from every nook and corner of this world. Vacations in this pristine country become memories to be cherished forever.

How to Get Rid of Rough, Flaky Skin

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Did you know that our skin naturally renews itself once about every 28 days? It sheds dead skin cells to reveal fresh new skin underneath. As we get older, this process starts to slow down, leading to a buildup of dead skin cells on the surface of our skin. This is one of the reasons some people struggle with rough, flaky skin. If this resonates with you, here’s how you can get rid of rough, flaky skin:


Tuesday, September 17, 2019

4 Tips Couples Can Use to Deploy an Effective Joint Investment Plan

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After a couple falls in love, the next step for some people is to take their vows to live the happily-ever-after dream. Once married, most couples are committed to sharing everything including the money that they bring into the household. In fact, the money that the couple make can go toward a wide variety of things to make sure that everything that they own is paid on time and not late. Also, if they are both money smart, they may get together to devise an investment plan that they both can go by to build up a certain amount of financial wealth.

Thursday, September 12, 2019

When Was the Last Time That You Visited Maldives?

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Sitting serenely in the Indian Ocean, Maldives is an island nation that is made up of 26 atolls that are comprised of over 1000 coral islands. As you might guess, this South Asian paradise is known for its lagoons, beaches, and coral reefs. When you visit the capital of Malé, you can have your pick of seafood (at the bustling fish market) and enjoy shopping along the primary road of Majeedhee Magu. Don’t forget to visit the Friday Mosque made of beautiful white coral.

Wednesday, September 11, 2019

4 Ways Successful People Use Task Allocation To Boost Productivity And Achieve Work-Life Balance

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Photo by Patrick Tomasso on Unsplash
Ignore the work-life balance skeptics; you can be successful, happy and nurture healthy relationships. Yes you can. Ask most of the people on the Forbes list and they’ll tell you stories. They’ll tell you tales of burnouts. They’ll talk about days of toil, unproductivity and suffocated relationships. But most of them will also tell you how they eventually achieved work-life balance and how this helped them to boost their productivity.

Friday, September 6, 2019

Some Things To Know About Foreign Currency

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While currency can often seem as though it’s quite a simple thing to comprehend, it can often be much more complicated than people might imagine. This is chiefly driven by the fact that the majority of us only see the small picture. We typically focus on how much money we have in the bank and how much we have to spend.

Wednesday, September 4, 2019

Delicious Cakes to Make First Birthday of Your Baby a Memorable Affair!

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The first birthday is always a great and memorable affair for you as well as for your child. You must have seen your albums consisting your birthday photographs. Now, it’s your turn to fill your albums with your child’s first birthday celebration.

Sunday, September 1, 2019

7 Romantic Gift Ideas for the Man in Your Life

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Buying a gift for your special guy can be challenging. Guys can be hard to impress. Not to mention, they might seem like they have everything. And the only thing harder than searching for the perfect gift for your man is searching for the perfect romantic gift for him. However, those gifts do exist. And with a little creativity on your part and some help from the ideas below, you will be on your way to the perfect, creative and romantic gift your guy will love.

Sunday, August 25, 2019

How To Choose The Best Foundation Makeup For Your Skin

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If you want to be a fashionista, you need to make sure that everything is perfect from head to toe. This means that you’ll have to worry about your shoes, attire, and your makeup. Getting everything perfect will make a big difference in the long run.