Top 3 Employers in Memphis, TN

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  The city of Memphis is home to things of all shapes and sizes. This diversity means that there are plenty of companies to go along with. These employers are always looking for people to hire for the jobs they’re offering. Who are these employers/companies you ask? You can look all around the city to find them, but the top three to look at are FedEx, AutoZone, and St. Jude Children's Research Hospital. Jobs and their demand can be big factors in determining where you live in the area. Memphis houses for sale can also affect where you stay. FedEx   FedEx is one of the largest companies in the world for logistics. They’ve got over 200,000 employees and six million vehicles! The company is huge and continues to grow every day. Of course, more growth leads to a demand for employees that can keep up with FedEx’s expansion. Not only will you have a well-paying job with FedEx, you’ll also have the opportunity to make someone’s day better. Imagine this, you’re dropping off that Christmas

Taxes And Your Business

Almost all tax payers would say that the process of paying taxes is one of the most tedious and less-liked activities that they can imagine and paying sales tax for an online business is not exempted from the common misconception.

When the issue pertaining to taxes and your online business arise, you usually take it negatively which would in turn end up in a negative note.

However, if you decide to change the way you think and turn your negative approach to a positive one, then you would surely realize that paying online sales tax is not a taxing job at all.

Online business owners or e-tailers are commonly complaining about online sales tax primarily because they don’t clearly understand and grasp the meaning, scope and limitations of the law and regulation that pertains to it.

If you want your online business to boom and prosper, you should have the initiative to gain as much
knowledge as you can about taxes and online businesses.

Be Aware Of Taxability And Exemptions

You should be aware that not all services or products are taxable or taxed in the same way as other services and products are.

Furthermore, the taxability of some products also differ from state to state. There are also exemptions
based on how the product is used as well as who uses them.

An example to this would be schools and non-profit organizations - these kinds of institutions may not be required to pay sales tax if they avail any of your products or services.

Take note that exemptions require clear and concise plus complete documentation.

Consider State Sourcing Rules and Validate Addresses

There are more or less 12,500 tax regions in the United States and for you to come up with an accurate sales tax audit, you have to identify and validate the "roof top address" and then apply it to the exact set of sales tax rates of that certain transaction.

You must remember that the rate of the sales tax applied to a sale or purchase may be made up of a
country sales tax, a state sales tax, a city sales tax and other special taxing jurisdictions.

The so-called "roof top address" is very important is because it serves as a warning that one household in a neighborhood can have a different sales tax rate that its neighbor, if it is located physically in a different zone already.

Use Tax

Consumer use tax or use tax is a kind of tax that pertains to the using, consuming, storing and sometimes distribution of personal tangible property.

Aside from that, it can also be applied to services which are taxable. For short, you will need to pay use tax in a state where that "usage" occurs. A clear example for this would be: you bought a pair of shoes over the Internet and you did not pay any tax to the seller.

However, you used those pair of shoes in your state, so you are subject to pay your state the use tax.

As an online business merchant, the above-mentioned tips and guidelines are just few of the other tips and guidelines that you need to learn. Taxes and your online business should work together, if you want you business to become successful.

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