Forum Moderators: LifeinAsia
I've yet to follow through with my business plans due to health issues involving my parents taking up a large amount of time, but I need to do something soon since my day job is looking less secure due to further downsizing. Meanwhile, I received a "Tangible Personal Property Tax Return" from the county, part of which requires me to include mobile home attachments (utility bldg., etc.)... and I don't understand why that would be required for what I intend to do. All business would be conducted over the internet.
Before I return to the tax collector's office, I'd like some input from those of you who have business licenses issued for web hosting and/or web design services. What classification was your business license in? Did you have to deal with tangible personal property tax?
Would appreciate hearing other experiences with regards to business licenses.
Thanks!
Kathy
Regarding taxes, speak to an accountant. But you won't owe any property tax if your business doesn't own any property. After all, 0 x 100% = 0, and I'm sure the taxes are at least a little less than 100% (though sometimes I wonder). An accountant could probibly also help you with your license isssue.
The tax/no tax of companies who do business online can be applied to several areas outside of just selling items in some states.
For tax advantages, it might be better to rent it from yourslef though. I'm not sure, depends on the laws in your state, and the various tax levels.