Online Business Volume
At what point do I have to charge and pay taxes?
I am starting an online business selling invites and party favors. I am wondering at what amount do I have to start charging taxes and paying them? I currently sell on etsy but it’s such a low volume that I haven’t worried about it. I expect this to be a pretty popular site as I have ads going out in major magazines.
Thank you.
I have not sold to anyone in my state yet-that is why I am asking.
There is no minimum. If you sell any party favors to anyone in your state, then you must collect taxes and send them to the government, even if the volume is only $1.
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