Donna Genie walks through sales tax setup for new campground owners. Get a state sales tax account before you buy inventory, use resale certificates to avoid paying tax upfront on items you'll resell, and verify which items are taxable in your area. New Hampshire and Montana don't have sales tax.
New Hampshire and Montana.
All right, in our continuing journeys of.
Things that a new campground owner needs to know as you prepare to open the door, you'll want to make sure.
That you have a sales tax account.
Already established and this assumes that you are in a state that has sales tax. Only New Hampshire and Montana in the.
US Are the only two states without sales tax currently.
Make sure that you have that sales tax account before you attempt to buy inventory for your store as well.
Remember that when.
You'Re buying inventory or anything that you're going to resell, you should not be paying sales tax on it initially. You should be using a resale certificate so that you don't pay sales tax because you are going to collect sales tax from the.
Final end user of that product. Also, when you start collecting that, you.
Should already be registered before you open your doors. In most states they are going to require that you.
Post your.
Registration somewhere in your store to prove that you've registered and have a license to operate.
Make sure that you're collecting the right.
Amount of sales tax and you may.
Have to investigate a little bit for.
Your area on.
How things are taxable.
Things like accommodations, groceries, other things have.
Specific rules.
By state and they differ by state.
