⭐Join the California Entrepreneur Collective for instant access to business templates, action plans, guides, live coaching, community, and more: business.ginnysilver.com/california-entreprenuer-collective-small-business-membership⭐ Sales Tax Information: www.cdtfa.ca.gov/formspubs/pub73.pdf How to get your seller's permit: ua-cam.com/video/-RMyB7PKGEc/v-deo.html File your Sales Tax Return here: cdtfa.ca.gov/ 0:00 Quarterly Sales Tax due October 31 0:27 Who needs a seller's permit? 0:41 Annual, Monthly, or quarterly reporting 0:56 Do I file if I had no sales? 1:12 Gather your numbers first 1:43 Where to file your taxes 1:58 Step by Step 3:15 Where do I deduct the sales tax that was included in the total? 3:50 Excess sales tax 4:45 How to submit the payment 5:06 Save a copy for your records 5:26 Awkward skeleton bloopers
I noticed that the breakdown of my Shopify Sales Tax include local tax for San Francisco and other cities including County District tax. Are all those included in the Sales Tax that I have to remit to CDTFA or do I have to track and remit those separately to their respective cities? Thanks.
Hi, thanks for the informative video. Can you please explain "payment type". There are several choices but I wasn't sure which one I should pick. I end up picking "period payment" since I"m submitting sales tax quarterly? Please advise, thanks Paul
For sales tax from included sales report, i am not selling directly to buyer. I am using sites like ebay to sell and i dont collect tax from buyers. Ebay already does that on its own. So i put $0 for sales tax right?
thank you ! it is great video guide. may i ask the total sales is referring the sales in CA or i have to put in the total sales for my entire business? Thank you
Hi, thank you for the video! Can you explain how to file taxes if I just charged my client only for the tax and did not make any profit from the product?
I sell on etsy, and since they remit sales tax already do I still have to file sales tax myself? Do I just have to report out how much I made in sales on cdtfa, and not actually pay the sales tax?
Hey, this is a response I got from Etsy support regarding Etsy sales tax "On your tax returns you will only need to note that it was collected by a third party. The state is aware that online marketplaces like Etsy are remitting the tax for sellers"
@@erikakatkauskaite5809how do you report that in dollar amount, just $0 because I don't think there's any box that allows you to add a note like that.
You are still obligated to pay sales tax because you are selling to consumers. What you should do instead is fine vendors that sell wholesale (no sales tax) to you as a retailer.
@@ginnysilver Thank you for your reply. I had not had my resale set up yet with the vendor. Does that tax paid not count? It used to be that it would be deducted as tax paid.
Thank you so much for this tutorial! When I try to follow the tutorial, I can't get to the part where you input numbers. Under the account page, the period I'm trying to file for is blank after the $0.00 (unlike 2:02 in the video). I was wondering if this was because the period hasn't ended yet and was also wondering when returns are available for filing?
In the drop down for city I cannot find "San Pedro" or "San Diego". One of my buyers bought my item online from San Diego county and City but for the city drop down I only see "San diego county - unincorporated". I don't even know if I should select that.
How about if Amazon collects taxes for you? I’m in CA too. Do you have a video on how to file quarterly reports if I don’t collect sales tax but Amazon does on my sales? Thank you!!
If Amazon is acting as a marketplace faciliattor and collecting/remitting the sales tax, then you would file your rerun with $0 in sales since Amazon made the sales, not you
Just out of curiosity people can choose to pay their taxes quarterly or just pay everything in one swoop during tax season right and at the end of the day it still comes out to the same amount?
This is sales tax, so tax season does not apply for this - it is not income taxes and is in a different camp altogether. You must pay on the CDTFA's reporting schedule assigned to you or accrue penalties and interest.
@ginnysilver I am trying to do it for due date June 30, however I didn't do any sells so is zero but I don't understand what should I report because I don't see an opinion.
Depending on where you sale was made, different cities/counties can have an additional district sales tax on top of the state rate. Sales tax = the state rate + any district tax.
Omg, I keep getting letters from CDTFA saying I owe money for sales.that occurs many years prior . I'm tired of it. They don't explain for what is the worst part.
⭐Join the California Entrepreneur Collective for instant access to business templates, action plans, guides, live coaching, community, and more: business.ginnysilver.com/california-entreprenuer-collective-small-business-membership⭐
Sales Tax Information: www.cdtfa.ca.gov/formspubs/pub73.pdf
How to get your seller's permit: ua-cam.com/video/-RMyB7PKGEc/v-deo.html
File your Sales Tax Return here: cdtfa.ca.gov/
0:00 Quarterly Sales Tax due October 31
0:27 Who needs a seller's permit?
0:41 Annual, Monthly, or quarterly reporting
0:56 Do I file if I had no sales?
1:12 Gather your numbers first
1:43 Where to file your taxes
1:58 Step by Step
3:15 Where do I deduct the sales tax that was included in the total?
3:50 Excess sales tax
4:45 How to submit the payment
5:06 Save a copy for your records
5:26 Awkward skeleton bloopers
What can I do about a ear ache any ideas?
@@snoope5967 Urgent care to get antibiotics!
I noticed that the breakdown of my Shopify Sales Tax include local tax for San Francisco and other cities including County District tax. Are all those included in the Sales Tax that I have to remit to CDTFA or do I have to track and remit those separately to their respective cities? Thanks.
@roialnet those must all be noted and included in your CDTFA return
Hi, thanks for the informative video. Can you please explain "payment type". There are several choices but I wasn't sure which one I should pick. I end up picking "period payment" since I"m submitting sales tax quarterly? Please advise, thanks
Paul
here for the EXACT same reason... :(
For sales tax from included sales report, i am not selling directly to buyer. I am using sites like ebay to sell and i dont collect tax from buyers. Ebay already does that on its own. So i put $0 for sales tax right?
Yeah nobody wants to answer this question , I’m going to put 0 because I’m not going to pay sales tax on top of what Amazon took
Your videos are extremely helpful! Thank you so much!
You're very welcome! SO glad to hear that!
thank you ! it is great video guide. may i ask the total sales is referring the sales in CA or i have to put in the total sales for my entire business? Thank you
Ginny killing it! Thanks for this!
❤️❤️❤️
Hi, thank you for the video! Can you explain how to file taxes if I just charged my client only for the tax and did not make any profit from the product?
Sales tax is calculated as a percentage of the sale amount - it does not change based on your profit.
I sell on etsy, and since they remit sales tax already do I still have to file sales tax myself? Do I just have to report out how much I made in sales on cdtfa, and not actually pay the sales tax?
Hey, this is a response I got from Etsy support regarding Etsy sales tax "On your tax returns you will only need to note that it was collected by a third party. The state is aware that online marketplaces like Etsy are remitting the tax for sellers"
@@erikakatkauskaite5809how do you report that in dollar amount, just $0 because I don't think there's any box that allows you to add a note like that.
Thank you for this video. If a return was already filed how would you edit (amend) to reflect tax already paid when purchasing from vendors?
You are still obligated to pay sales tax because you are selling to consumers. What you should do instead is fine vendors that sell wholesale (no sales tax) to you as a retailer.
@@ginnysilver Thank you for your reply. I had not had my resale set up yet with the vendor. Does that tax paid not count? It used to be that it would be deducted as tax paid.
Thank you so much for this tutorial! When I try to follow the tutorial, I can't get to the part where you input numbers. Under the account page, the period I'm trying to file for is blank after the $0.00 (unlike 2:02 in the video). I was wondering if this was because the period hasn't ended yet and was also wondering when returns are available for filing?
Hi! Yes you must wait until the end of the reporting period before filing.
@@ginnysilver Thank you so much for confirming! So grateful for all the help your videos provide!
So glad it was helpful! Very welcome
Thank you so much for this video, help a lot !!!!
Very welcome!
I literally watch this Every quarter each year since 2023. LOL
❤️❤️❤️❤️ so glad it's helpful!!
In the drop down for city I cannot find "San Pedro" or "San Diego". One of my buyers bought my item online from San Diego county and City but for the city drop down I only see "San diego county - unincorporated". I don't even know if I should select that.
Call the CDTFA to ask
How about if Amazon collects taxes for you? I’m in CA too. Do you have a video on how to file quarterly reports if I don’t collect sales tax but Amazon does on my sales? Thank you!!
If Amazon is acting as a marketplace faciliattor and collecting/remitting the sales tax, then you would file your rerun with $0 in sales since Amazon made the sales, not you
@@ginnysilver is this also apply when you sell on ebay?
Yes it does eBay marketplace facilitator
Just out of curiosity people can choose to pay their taxes quarterly or just pay everything in one swoop during tax season right and at the end of the day it still comes out to the same amount?
This is sales tax, so tax season does not apply for this - it is not income taxes and is in a different camp altogether. You must pay on the CDTFA's reporting schedule assigned to you or accrue penalties and interest.
Do you pay on the exact day they schedule, or can you pay before the date? Thanks.
After the end of the quarter but any day before the due date
@ginnysilver I am trying to do it for due date June 30, however I didn't do any sells so is zero but I don't understand what should I report because I don't see an opinion.
THANK YOU BABES YOUR A LIFE SAVER!!!
❤️
PS : the ending of your show was the BEST!!!!( no spoiler here).....
I just need to spend an hour filming the two skeletons.. they are quite entertaining.
@@ginnysilver yes! yes!!!!.....Halloween special?
What does did you make any transactions subject to only the state rate of 7.25% (not subject to district tax)mean?
Depending on where you sale was made, different cities/counties can have an additional district sales tax on top of the state rate. Sales tax = the state rate + any district tax.
And this is just for sales you made that were delivered within in California correct?
I sell through eBay so I can filter it out by state
for total sales like on Ebay, do i input my net sales or gross sales?
Gross sales
Thank you for the informative UA-cam video very much also.
Very welcome :)
Ginny thank you dear ❤️ never be opening up your 101 mentorship again I miss the deadline
So if i have zero sales do i just put all zeros
@@garibay3138 yes
Hey Ginny....what is this "handle" that UA-cam is advising of just today?
What if it doesn’t show my county?
Not all counties charge district tax. Some only are subject to the state tax.
Thank you so much for this, super helpfu;
thank you for making this
Very welcome!
I love the hair thanks for everything ❤️🦋
I watched the intro about 10 times lol 😆
🤣❤️
What if I only made two sales? Do I put $0 for total amount earned?
No, you would make the amount those two sales totaled - if you had two sales that does not equal 0
@@ginnysilver So I still pay sales tax on those two items? That’s all I sold
@liaandrade2336 you are obligated to pay sales tax on your sales, yes.
Ginny : topic idea.....discuss IRS just revised tax tables to help 2023 tax deductions reflect adjustments for inflation, high food costs, gas prices.
Omg, I keep getting letters from CDTFA saying I owe money for sales.that occurs many years prior . I'm tired of it. They don't explain for what is the worst part.
Hi! Call the CDTFA - they will clarify for you. Don't wait, you can accrue costly interest and penalties if you owe missing sales tax returns.
This was so helpful. I was so scared to go this for the first time. Thank you so much! 😢
So glad it was helpful ❤️
How do u know if ur getting a refund from the state
Why would you be receiving a refund of sales tax?
Is it sales tax on gross income?
Sales tax is on the amount of the sale price of a tangible item
Anyone know how to go about it ebay collects sales tax for the seller ?
eBay is a marketplace facilitator. Search for eBay marketplace facilitator online to find the link to the documentation for this.
What does it mean by Title?
4:28
aye!!!! taxes!!!!! again.......oh well...gotta do it...thanks!!!
Your assistant needs to stop drinking his lunch. 💀🍹🎃🧡
It just goes right through him!
Hi Ginny.....gosh, so much regulation.....
Ginny Silver 🙌🏼🙌🏼🙌🏼🙌🏼
❤️
Hi Ginny 👋
Is Halloween your favorite holiday? 👻
Its not haha I'm a Christmas person - but these skeletons are sitting around my house and are super funny....how about you?
@@ginnysilver I see 😅 Christmas or Thanksgiving for me! Really just depends on the year 😬
@@ginnysilver Halloween!!!!
me and Shelly agree!
oh lala 😎😋😍
🏅
💙
✌
😉👌💰💰💰💰💰💛
❤️❤️❤️
😛
🙂
☠️
💀
:)
❤