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Do i have to pay sales tax on an ecommerce business?

Can we use our sales tax to pay our business expences?

  • my wife and i took over a small italian restaurant in texas like a few months ago,my monthly expences are $6,000 and i'm not selling enough to pay that, my accounting wants us to ...show more

  • Answer:

    Hell to the no! The sales taxes that you collect are not your money to begin with. Those are public funds that you have received in trust for the state and you MUST remit them to the state on time. Your business expenses always come behind your tax obligations. Taxes have a priority as well: 1. Trust fund taxes (sales taxes and payroll taxes withheld from employees, including yourselves). 2. All other federal taxes 3. All other state taxes 4. Any local taxes 5. Business expenses. Withholding trust fund taxes from the government is the fastest way to get your business shut down.

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that is called embezzlement no the sales tax does not belong to you to use as you choose, it is money that belongs to the state, also called 'trust' money if you want to get in real trouble this will do it

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