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I live in Carmel, Indiana and I recently opened a shop on…

I live in Carmel...

I live in Carmel, Indiana and I recently opened a shop on Etsy selling reclaimed wooden signs. I am the owner, creator, and only employee & I make and sell of my goods out of my home. I need to know if I should be charging a sales tax to every state that I sell to, do I need any licenses or permits? When do I need to pay taxes?

Accountant's Assistant: The Accountant will know how to help. Is there anything else important you think the Accountant should know?

Not currently that I can think of.

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Answered in 22 minutes by:
3/9/2018
ABC Accounting Group
ABC Accounting Group, Financial Advisor
Category: Finance
Satisfied Customers: 889
Experience: Accounting Manager
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Hi. Great Question. Yes - you should have a sales tax permit.

Etsy allows you to choose the states in which you have nexus and set up a sales tax rate for each state, zip code or even a range of zip codes.

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Hi. As long as the inventory is in Indiana, you should collect Indiana sales tax of 7 percent.

Let me know if this helps and if you have any questions. Thank you.

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Customer reply replied 5 months ago
What does that mean "nexus"? All the inventory is in my home in Indiana, nothing is supplied or sitting anywhere else. I should still acquire a sales tax permit? My shop is set up to collect Indiana sales tax, do I need it to collect for any other states or just the state the business and inventory is located?

Nexus means where the inventory or property is - even if someone is buying and lives in another state, you should collect the 7 percent sales tax. Yes on the tax permit.

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Customer reply replied 5 months ago
Thank you!

You are very welcome.

ABC Accounting Group
ABC Accounting Group, Financial Advisor
Category: Finance
Satisfied Customers: 889
Experience: Accounting Manager
Verified
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