How do taxes work when selling to resellers? Do you never charge tax? or is it at their discretion?
Note** Our excuse for a book-keeper just got fired and im trying to get an understanding of how things work. I was trained by the book-keeper to enter our daily sales into quickbooks. I have already found holes and mistakes in the training. this is one of them.
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M$2 Answers
My head
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M$
Personal experience
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M$
CT does follow the guidelines I gave above. In fact, here is a link to the resale certificate recommended by CT: http://www.ct.gov/drs/lib/drs/fillable_certificates/reg1-23fillable.pdf
The business is located in Connecticut.
That's what my assumption was, I just need to hear it from someone else. We haven't quite gotten training from our new accountant. But I am taking some accounting classes at a local community college.
great answer! I'm glad you decided to come check out our little question answering cult. :)