Oh, and a note for those of you who think there are only 50 state taxes to program into a lookup table. States like CA have different state rates based on location. There are over 7400 different state and local tax zones. And, Shan is right about each item having a possible different tax rate. Here food items specifically used to prepare meals are taxed at 1.5%, but the plates to serve the meal are taxed at 7.6%. It's a nightmare for just one store to figure out one state's tax code.
Thursday, June 26, 2008
Small Business and State Taxes
Labels:
compliance,
small business,
taxes
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