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I don’t collect sales tax for items shipped out of state, but I do collect/pay sales tax on items that I ship within the state I live in, at least that’s the rules where I live. Plus the Dept of Revenue here gets quit ornery if you don’t collect/pay sales tax.
What has your accountant said about sales tax?
I was just listing to this week’s podcast and Ryanne was talking about paying taxes at the auction you guys went to last week. When I go to local auctions, I always take my tax license with me and have them set me up as a reseller so I don’t have to pay sales tax on my auction items. It saves me a little over 8% on whatever I purchase at auction.
I use SKU’s for my items, then I have an idea of how long I’ve had an item when I need to weed out the storage room.
The 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis. per Wikipedia
I do not break my Ebay fees down by item. I just expense the monthly charge. I have a line item on my profit & loss that is labeled Internet listing fees.
The key is to getting a good rep. Sadly, those seem to be few and far between in my experience of late.
