States That Do Not Charge Tax on Shipping

What states do not charge tax on shipping? Five states (Alaska, Delaware, Montana, New Hampshire and Oregon) do not implement any sales tax, so shipping and handling will likewise not be taxable. Additionally, Hawaii utilizes a general excise tax or GET which is a tax on business income from retail sales rather than a sales … Read more

Why Do Car Dealerships Make You Wait?

Why do car dealerships make you wait? We have to wait for the managers, because they are always SO busy. Not only are they helping the sales people desk deals (give you all the payments including the trade value, appraising your trade vehicle, different interest rates, leasing options, term lengths, making sure all the incentives … Read more

Opening a Flea Market: Is it Profitable?

Is opening a flea market profitable? A sizable amount of work goes into establishing a flea market, but once it’s up and running it can provide a steady stream of reliable income. Many flea market operators, in addition to renting spaces to vendors, also operate food concession stands. Read more on smallbusiness.chron.com Even while flea … Read more

Can You Have a Negative Capital Account on K-1?

Can you have a negative capital account on K 1? The Instructions state that it is possible for a partner to have a negative tax basis capital account, as this could occur in the event a partner’s distributions and share of deduction and loss exceeds such partner’s contributions and share of income and gain. Read … Read more