John Huetter’s Post

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

When a business adds a surcharge for credit card transactions, how does that impact sales tax? Learn more about how state and local tax laws can impact your business.

Kia Dealer Employee Retention Credit (revised 2024) https://lnkd.in/gUErVYcD Key ERC Credit Takeaways: Kia Dealership ERC Eligibility: Determine if your dealership can apply for the tax credit. Financial Benefits for Dealers: Up to $26k per employee available for qualifying dealers. Employee Retention Credit Explained: Gain insight into how the ERC can support your business. Claiming the ERC: Learn the process for Kia dealers to secure this valuable tax credit. Support for Automotive Businesses: Discover the specific support the ERC provides to dealerships. Kia Dealer Employee Retention Credit Important 2024 ERC Tax Credit Deadline: The deadline is coming up for the final opportunity to retroactively claim your business Employee Retention Credit for the past 2020 tax year. With the April 15, 2024 deadline fast approaching, don’t let this final chance pass! Not all businesses will qualify, as it depends on multiple factors per IRS Rules and Guidelines, you might be leaving significant financial relief on the table from past COVID harm to your business in 2020 and 2021. The IRS had temporarily paused processing. You will still want to check eligibility and file now (if you qualify) because the IRS will resume processing tax credit claims in the order they are received. TAKE ACTION NOW IN 2024 If you haven’t previously filed for the ERC Credit, it is worth scheduling a phone call to explore your possible eligibility from both the past 2020 and 2021 business tax years. https://lnkd.in/dtr69VW9 #ERC #ERTC #EmployeeRetentionCredit #EmployeeRetentionTaxCredit #TaxCredit

Question: I purchased a new vehicle from a dealership, and after driving it for a few days, I realized it didn’t have the features I requested. I returned to the dealer and purchased a different vehicle with the desired features. The dealer charged me the price difference, plus sales tax, for the full price of the new vehicle because they treated the transaction as a trade-in. Since I paid tax on the purchase of both vehicles in one week, can I get a refund of the tax I paid for the first vehicle? Answer: No. Both transactions are separate and subject to tax. The first vehicle would not qualify as returned merchandise because the seller did not refund the total purchase price. Instead, the dealer treated the car as a trade-in on the purchase of the second vehicle. Therefore, you are not eligible to claim a refund of the tax paid to purchase the first vehicle. https://lnkd.in/gER-8S9T https://lnkd.in/gjtFNcWa Tax tips are a source of basic information that complements our many online guides and publications and are not a substitute for any applicable laws and regulations. If you have tax questions about your business, please contact us at 1-800-400-7115.