The More Report, Podcast Edition

State Use Tax - An Expensive Tax Trap Small Businesses May Not Know About

20 min · 30 jan 2023
aflevering State Use Tax - An Expensive Tax Trap Small Businesses May Not Know About artwork

Beschrijving

In this month’s edition of The More Report Podcast Edition, Jonathan C. Wolnik [https://www.mccarthylebit.com/professionals/jonathan-wolnik/] discusses Ohio use tax and why it can be an expensive tax trap for small businesses. State use tax is generally owed by the purchaser of tangible personal property or services when the vendor does not collect sales tax, assuming the transaction is taxable. Sales tax is often omitted in the context of purchases from out of state vendors who may be unfamiliar with various state and county tax rates applicable in Ohio. It is important to know when state sales tax is omitted from a sale and timely file a use tax return when applicable. Small businesses owners are likely to benefit from Jonathan's informative overview of Ohio use tax.

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aflevering State Use Tax - An Expensive Tax Trap Small Businesses May Not Know About artwork

State Use Tax - An Expensive Tax Trap Small Businesses May Not Know About

In this month’s edition of The More Report Podcast Edition, Jonathan C. Wolnik [https://www.mccarthylebit.com/professionals/jonathan-wolnik/] discusses Ohio use tax and why it can be an expensive tax trap for small businesses. State use tax is generally owed by the purchaser of tangible personal property or services when the vendor does not collect sales tax, assuming the transaction is taxable. Sales tax is often omitted in the context of purchases from out of state vendors who may be unfamiliar with various state and county tax rates applicable in Ohio. It is important to know when state sales tax is omitted from a sale and timely file a use tax return when applicable. Small businesses owners are likely to benefit from Jonathan's informative overview of Ohio use tax.

30 jan 202320 min
aflevering Kristen Hoover Boutton Talks About Trademarks and Brand Protections that Every Business Should Have artwork

Kristen Hoover Boutton Talks About Trademarks and Brand Protections that Every Business Should Have

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