Pam

Do I Need a Tax ID Number to Sell on eBay? No, a tax ID number is not needed to sell on eBay. Your social security number is an acceptable tax ID number, but you may need to obtain a tax ID if you are turning your eBay shop into a business. Tax Obligations and … Read more

Obtaining a Liquor License A liquor license allows for the sale, manufacturing, storage, or other use of alcoholic beverages. Obtaining a license involves contacting your state alcoholic beverage control board, submitting required forms and documents, and awaiting approval. License types and fees vary by state. Types of Licenses and Fees An on-premise license allows alcohol … Read more

How to Pay Yourself from an LLC Yes, you can pay yourself as an employee of your LLC. Depending on the way you are taxed, you might go for a standard owner’s draw, or you may put yourself on the payroll of your company. Being Taxed as an S Corp Being taxed as an S … Read more

Some goods are exempt from sales tax under Arkansas law, such as prescription drugs, purchases with food stamps, and certain farming equipment. To get a farm tax-exempt number in Arkansas, contact the Sales and Use Tax Section. An Arkansas Sales Tax Exemption Certificate allows a business to buy goods for resale without paying sales tax. … Read more