Posts by Carol Price4

Brenda Chase3 said:Quick question for the group... Does everything run smoothly on Windows 10? I’m not just talking about how things are working today, but the general stability of it all. Specifically, I want to know if I can rely on the IRS portal, Social Security Administration sites, Chase, and Wells Fargo. If I decide to make the jump from Windows 7 to Windows 10, am I going to spend half my life fiddling with settings just to get these essential services to behave?

Everything works fine! I jumped from 8 to 10—well, my husband handled the actual move—and everything is totally fine. I don't know the specifics on the setup, but he said it took maybe ten minutes before everything was up and running. If you hit a snag, let me know..

ps, you can still use Chrome for the IRS and stuff, but you might need Internet Explorer for the banks.

Apparently, they’ve got this new form now where you have to list the average of your last three paychecks...

Don't mess around with the numbers—you don't want your employer catching you in a lie.

Windows 10 is running totally fine for me...--no issues at all!

Henry Edwards33 said:So, does the business just register for sales tax in every single state at once?

Give me one specific detail on how this actually works in practice if it’s supposedly functional. I’m genuinely curious to see the real-world application here.

Good luck 😉

lilli, do you have an alternative? Like, do you register for sales tax in the country where you're shipping, or do you just use the simplified CIA system here—paying our guys and letting them pass the cash along...

You apply the sales tax rate from the state where the customer is located—so if they're in a place like New York with its specific rates, the gross price stays the same for everyone. Basically, for them, the total is $10, but instead of seeing a base of $24 plus $6 tax, it’s more like $25.21 plus $4.79 tax.

I don't have hands-on experience with this yet—just going off theory here—thank God 😁

But one thing I am curious about—when you're taking PayPal payments, how are you even supposed to figure out which state a customer is in if you're running a webshop?

casualorca5;55506088 said:

cosmictinker24 said:

Thanks, casualorca5..
But I'm really struggling with the interest part—specifically, what we collect from customers.
So, I book the invoice normally in the IRA, but I put the interest under Inflows, without sales tax, using the type "extraordinary income"... the interest amount shows up in KPMG, but I don't include it in the sales tax forms. So, it doesn't go into the sales tax summary either..
What I'm wondering about is the end of the year—when looking at the annual Recapitulation of inflows and outflows, those interest payments show up in the Inflows section via the bank statements..
Should those interest amounts be specified somewhere else so the IRS knows they're actually interest?? Like, do I need to write an explanation stating that the discrepancy in the bank statement inflows refers to interest, or how does that work??..
Usually, we receive payments on behalf of clients, and we specify those separately for the FBI (listing which clients they are and when the disbursement happened) to show those aren't our income since we're just passing them back to the clients...
Now I've just got this whole dilemma regarding these collected interest amounts to solve..
Thanks!
Thanks, casualorca5..
But I'm really struggling with the interest part—specifically, what we collect from customers.
So, I book the invoice normally in the IRA, but I put the interest under Inflows, without sales tax, using the type "extraordinary income"... the interest amount shows up in KPMG, but I don't include it in the sales tax forms. So, it doesn't go into the sales tax summary either..
What I'm wondering about is the end of the year—when looking at the annual Recapitulation of inflows and outflows, those interest payments show up in the Inflows section via the bank statements..
Should those interest amounts be specified somewhere else so the IRS knows they're actually interest?? Like, do I need to write an explanation stating that the discrepancy in the bank statement inflows refers to interest, or how does that work??..
Usually, we receive payments on behalf of clients, and we specify those separately for the FBI (listing which clients they are and when the disbursement happened) to show those aren't our income since we're just passing them back to the clients...
Now I've just got this whole dilemma regarding these collected interest amounts to solve..
Thanks!
Unless you're actually paying that interest out to clients—if you're just holding funds in your account to pass them along, then yeah, those should be included in the list of transit items you hand over to the Police Department.

It feels like they’re actually staying on top of things lately—super quick to react and really listening to what the public has to say😁

Man, imagine how much better things would be if they actually listened to those of us working on the ground a bit more often...

Nah, if you don't have an acquisition setup, goods aren't actually entering California—so there's no sales tax to worry about.

And Intrastat? Doesn't apply either since the shipment never officially hit the US...

All you really care about is making sure the shipment stays within the USA and that you're getting paid in USD—the logistics don't matter to you one bit...

You nailed it... just make sure you record the receipt using the Federal Reserve's mid-market rate on the invoice date, then book any difference as an exchange gain or loss.

silentscout9 said:Hey, can anyone help me out here? My company is buying goods from Germany and we're using a carrier to ship everything directly to a customer in Canada.
I’m issuing the invoice to the Canadians with the VAT exemption under Section 41 and all that stuff.
But I’m stuck on how to record the invoice for the German supplier, since the goods never actually enter the US.
I guess I don't know if I need to include this in my VAT filings or if I have to deal with Intrastat reporting?

If everyone involved is listed in the IRS database, then you're looking at a three-way transaction...

jadenomad24 said:(Wind.8) Chrome is still holding up fine, but I just couldn't get Mozilla to behave the way I wanted it to. Everything was working smoothly in File Explorer until today, when I decided to install a new version of Java 8. Now? It’s a mess. File Explorer claims there's no certificate. To be precise, it actually finds the certificate, I confirm that it's the one being offered, and then—nothing. Just that little warning triangle popping up again telling me the certificate is missing. What am I supposed to do now? Everything was working perfectly just a few minutes ago, right before I messed with the Java installation...
Does anyone have any thoughts on what my next move should be?
(Chrome works without a hitch...)

http://www.irs.gov/e-file_instructions_JAVA_8U60.pdf

Maybe try following the IRS guide, 🙂

Larry Edwards3 said:I was wondering if anyone else has had their sales tax returns processed yet? I guess mine hasn't quite cleared through the system just yet 🙄

Just email the gross balance sheet over to the clerk and ask them to post it—if you really need it done right now.

Peter Young5 said:So, where do I even begin with this?

Is it worth the headache to install a fresh version of Java, or should I just leave things as they are?

And when it comes to browsers—are we talking IE, Chrome, or Firefox?

🤦

I’d love to hear what you all have been dealing with lately regarding stability and performance.

Thanks,

I’m still running an old version of Java on Chrome, but my husband actually just set me up with IE for the future—since Chrome is eventually going to ditch that Java plugin... he tried using Mozilla, but we ran into some annoying certificate loading issues, so we just decided to switch over to IE...

ironlynx said:So, I guess in principle I’m just recording things the same way, except that the ones from the European Union go under received services, while those from non-member countries fall under deliveries without a local seat here in the US. Maybe someone could explain a bit more why that goes under deliveries without a local seat? And honestly, what should I even do now, since everything has been recorded incorrectly since the start of the year? These received services were taxed with the VAT form, but those deliveries without a local seat weren't because they were recorded as imports and marked as non-taxable. Should I really go back and fix all of that??

Visa became part of the SIX payment services group based in Luxembourg, but on my invoices, it says Visa New York at the bottom, so I just stick to whatever the invoice says regarding their headquarters, I suppose. It lists VAT reg.no. 15355906, but when I check it against the database, it shows up as invalid, even though the invoices state that the aforementioned services aren't taxable because the place of performance is the US. 🙏🤔🤦

For the USA, you use the sales tax return—you mentioned you already do that—just double-check if it's listed as a service, since you said earlier you were booking it through acquisition...

For third-party countries, you don't send a sales tax return; you just list it under services provided without a US seat on the standard tax form, covering both the liability and the credit. Check your previous tax forms to see how you handled it... if it doesn't look right, you'll have to check with your contact at the IRS to figure out how to settle it...

The PayPal VAT ID is: ATU15355906—go ahead and check, you'll find them in the IRS system.

Those are just those bank transactions that are exempt under Section 40 of the Internal Revenue Code.

Basically, you book that through a standard invoice and it's non-taxable. For example, 4653/2201.

ironlynx said:So, I was hoping I could get some help from you all just to clear my head a bit and make sure I'm getting everything organized correctly.
Specifically, I’m looking at these invoices for hotel reservation commissions—you know, those fees from foreign agencies like Booking.com. Since I haven't really handled this before, I'm relying on how my predecessor did things. She used to book anything from companies based here in the USA under the acquisition of goods from the USA category. But I guess I'm wondering if it might actually belong under the category for services received from the USA? The invoices clearly state they are VAT subject to reverse charge, and she would calculate the sales tax on that amount, booking it as both an input tax and a liability (using accounts like 14022/24002 and 4187/2211). That part seems fine, I suppose, but I'm just stuck on whether it should go under acquisitions or services.

My second question is about commissions from companies that aren't even based in the USA, like over in Switzerland. For those, she used to book them under the category for VAT calculations upon import, which seems okay, but I can't quite wrap my head around why only the base amount was recorded and then put under non-taxable using accounts 4187/2211.
Some of the invoices say "This invoice may be subject to reverse charge in the country of receipt," while others just show 0% sales tax.

Then there's the third thing, which involves the Visa statements for credit card processing fees. Those were also being booked under the acquisition of goods from the USA. These statements come in daily, and they mention that these specific services aren't taxable because the service is performed right here in the States. However, she would take the total from the statement and then add an extra 25% for sales tax, which went into the sales tax account, yet she only ever booked it using 4653/2211.

1) Booking—that's definitely services received from the European Union.

2) Third countries—for services from places without a US headquarters, you'll record the liability and the input tax.

3) Visa—I'm not super familiar with their specific setup... who exactly is the issuer, and do they have a US Tax ID?

So, they’ve expanded it to all service industries now—it started out just being checks on restaurants and retailers, but now they're moving even further, 🙂

Obviously, they're just short on cash...

jadenomad24 said:Hey there.
Since we're already on the topic of software updates, has anyone actually made the jump from Google Chrome to something else yet?
Are you all just going to stick with Firefox, or what?
I'm asking because of that notice saying Chrome won't be supported starting this September...

Not yet—though I'll probably wait until the absolute last second😁—I'm secretly hoping Oracle and Google just find a way to work things out... because I've gotten so used to Google Chrome, 😢

Keith Martinez5 said:Not many of you are hanging out on the forum in this heat, but I’m hoping someone might pop in and offer some advice. Namely, I got a call today from an agent at the local Police Department, and she told me that according to my 2014 receipts and expenses summary (Synesis), my cash turnover doesn't match their sales tax law reports for that year—there's a discrepancy of about $10. My immediate gut reaction was that it's simply impossible because everything is processed through the register properly and there's zero manipulation involved, but I guess I'll have to double-check everything. Since I run a small business and pay sales tax based on collected invoices—where card payments go straight into my business checking account—I've always closed out those transactions on the date the funds actually hit my account, marking them as bank transfers rather than cash, since, well, they aren't physical cash. Of course, I made sure everything balanced, because if you add up the card transactions, you arrive at the exact same total the Police Department has. However, my contact at the Police Department insists I should be recording those as cash turnover, while my advisor at the IRS says that under the sales tax law, a card payment counts as cash turnover, even if it isn't "cash" in the sense of actual banknotes. Currently, I don't close out card payments the day they happen, but rather when the money is settled; otherwise, if a client pays by card at the end of the month, it would count toward my sales tax for that month, but the actual payment wouldn't land until the next—which just feels wrong from an accounting standpoint. Anyway, has anyone else dealt with this kind of headache, or am I just flying solo on this one?

I’m with the IRS advisor on this one—just head back down to the Police Department and tell her to get her supervisor on the line. Ask them nicely how exactly I’m supposed to report a bank deposit as "cash," and demand they cite the specific law and article in writing.

Total nonsense—you can't just mix up sales tax law with basic accounting principles for small businesses... honestly, it's laughable...

But hey, they're doing all sorts of things these days... anyone who had daily turnover lower than $167 at any point in the last month—and has a hospitality license, regardless of whether they actually work in food service—can expect a call from the Police Department for an explanation and a sales tax audit questionnaire. 😉

Raymond Kim43 said:So, they’re actually telling me I can't start my own small business if I want to work with kids?! Is this for real or am I just dreaming?! I was planning on doing language tutoring—for both kids and adults—but some lady at the Chamber of Commerce basically told me I could only register for adult tutoring because small businesses aren't allowed to work with minors. Like, seriously? Does anyone here actually know how this works?

That's right, you can't... well, you *can*, but you'd have to design a full curriculum, get approval from the Department of Education, and all that. The requirements are basically the same as starting a daycare or a preschool...