How does tax work with bonanza?

How does tax work with bonanza if im a seller?

asked almost 10 years ago

2 Answers

You can create and set up tax rules under the “Payments & Purchases” tab in your Booth Options (Edit Booth options under the “Sell on Bonanza” menu in the top left corner of most Bonanza windows) after you log into your Bonanza account.

Tax rules can be set for different states or different zip codes (since some cities have their own sales tax in addition to the state sales tax levy). You can also apply the sales tax to the shipping amount if you want to or if your state requires that you do that.

Once the tax rules are set, a buyer will be charged the appropriate sales tax based on their shipping address. It is up to you to handle the collected tax and forward to your state/city entity.

Here’s the webpage for YOUR tax [URL removed] [URL removed]

If anybody else needs their tax rules page, simply substitute your user ID in place of Cads4life12 in the URL above.

- Tom

answered almost 10 years ago

tomwayne1
Reputation: 8637
See tomwayne1's booth

1 Comment

Cardcollector503 says: June 06, 2017

This helps a lot, thanks Tom!

Be aware that your tax rules are NOT applied when you receive an offer for less than your listed amount from the buyer. You should factor in any sales tax you will have to report/collect when accepting or countering an offer. For example, if a buyer offers you $75 for an item listed at $100, and sales tax applies to the purchase, Bonanza will NOT add the sales tax to that $75 at checkout. You will have to pay the sales tax out of the $75, reducing your earnings on the sale.

answered over 5 years ago

Question Vitals

Viewed: 6329 times

Asked: almost 10 years ago

Latest response: over 5 years ago

To Answer Brilliantly

Remember these tips:

  • Use links to other sources to support your opinions
  • Use examples where possible
  • Put yourself in the inquirers shoes: what extra info would be helpful?

Should I post a comment or an answer?

You can only post one answer, so make it count. Maybe your reply is more fitting as a comment instead?

Post an answer for:

  • Replies that directly and specifically answer the original question

Post a comment for:

  • "Thanks," "Me too," "I agree," or "Works for me" types of replies
  • When you would like the original poster to provide more details
  • When you have more to add to someone else's question or answer

See also our Roundtable FAQ.

Formatting

Community help posts follow certain formatting guidelines, which may impact the look of your post. If you're interested in tweaking the format, instructions are available here.