4 posts shown.
Can someone please break down how the tax base works when I'm bringing in goods from the European Union? Is it just the invoice amount, or am I supposed to tack on extra costs like shipping and freight? Also, how does the actual calculation work—which exchange rate should I be using, and is it based on the invoice date or the delivery date? Finally, what kind of paperwork do I need to prove the goods were actually shipped to another country within the EU at the time of delivery?
Is an Extract of Open Items actually a valid document to use when filing an enforcement motion? We haven't verified or signed off on the IOS yet.
Henry Chavez5 said:You really should have posted this under the Tax Compliance thread, but since we're here:
Yes, you need to update your business hours and transmit that data through your point-of-sale system. Once things get back to normal after those two or three weeks, you’ll just need to submit the updated hours through the terminal again.
Thanks so much for the help! My bad for posting this in the wrong spot.
Hey everyone,
I was hoping someone could help me clear something up regarding tax reporting and business hours
If I run a small shop with just two employees, and our schedule shifts temporarily—say we have to shorten our hours because someone's taking vacation or is out on medical leave—do we actually need to report those changes to the IRS? Does it matter if it's just a temporary thing for two or three weeks before we go right back to our regular hours?
Thanks in advance for the help!