Michael Jones
New member
Just curious, do you have to collect sales tax, or are you exempt under the "Professional Services" clause?
T
tmix
Well-known member
My Experiance
If what you do is record as a service and have the client bring their media for you to offload onto then you won't have to collect sales tax on the service provided,alternately if you provide the media for free and don't charge for it you can probably get by as well. However as soon as you start charging for a tangible item like a finished CD you have to collect sales tax on that amount.
For instance, you charge for 10 hrs @ $40hr plus a couple of one off CDs for $25 each you would charge $50+tax for CDs and $400 service.
If for instance you charge a set rate of $500 for say 2 songs completed on CD you would then have to charge tax on the whole amount.
This is my understanding,someone like Harvey Gearst (who has been doing this a lot longer than I) may be able to explain it better.
tmix
If what you do is record as a service and have the client bring their media for you to offload onto then you won't have to collect sales tax on the service provided,alternately if you provide the media for free and don't charge for it you can probably get by as well. However as soon as you start charging for a tangible item like a finished CD you have to collect sales tax on that amount.
For instance, you charge for 10 hrs @ $40hr plus a couple of one off CDs for $25 each you would charge $50+tax for CDs and $400 service.
If for instance you charge a set rate of $500 for say 2 songs completed on CD you would then have to charge tax on the whole amount.
This is my understanding,someone like Harvey Gearst (who has been doing this a lot longer than I) may be able to explain it better.
tmix
T
toadies
New member
Re: My Experiance
tmix, Do you own a studio? if so where is it?
tmix, Do you own a studio? if so where is it?
T
tmix
Well-known member
Toadies!
Good to see someone from my neck of the woods.
Yes I own / operate a studio in the South Arlington / North Mansfield area around the Hwy 286 corridor. Where in Fort Worth are you?
If you ever need to get in touch email me at: tmix@bigfoot.com
Or through the BBS. If you email me I'll give you my phone # or whatever info you want.
tmix
Good to see someone from my neck of the woods.
Yes I own / operate a studio in the South Arlington / North Mansfield area around the Hwy 286 corridor. Where in Fort Worth are you?
If you ever need to get in touch email me at: tmix@bigfoot.com
Or through the BBS. If you email me I'll give you my phone # or whatever info you want.
tmix
K
knownuttin
New member
Hey, toadies! Are you, like, The Toadies, as in the band? I think they're from Fort Worth. Just curious. Anyway, welcome to the board.
-kent
-kent
Tom Hicks
Well-known member
Cheers guys.Glad to see the metroplex chapter of the BBS is growing.