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Temecula California online Form Fillable W-9: What You Should Know
Amount of tax due. Sales/Use Tax: 9%+ Local Tax: 1% Local Sales Tax: 1%+ CDTF A.1. A small business may claim an exemption from sales tax under a small business expense deduction for the cost of materials, or for expenses incurred to prepare sales tax return forms. A.2. For small businesses with gross proceeds of less than 75,000 a. There is no cost of materials or supplies for any business listed below if the business does not spend more than 2,000 in one year on accounting, bookkeeping, tax preparation, or other business expense (not including the cost of any computers or computer support equipment used by the business). This exemption will be considered the business' taxable income. 1. A local sales tax of any kind may not be passed through to the customer. 2. For a customer, the tax rate may not equal 4 per transaction. B. A small business may claim an Excess Business Expense deduction instead of a deduction from sales tax. C. For smaller organizations, the sales tax rate must be the same as the state rate for all taxable sales. However, tax rates for certain activities of a business must be fixed by state law and the amount may not exceed the gross receipts of the business for the period for which the fixed rate is applicable. D. The California State Board of Equalization will allow the use of a nonrefundable small business expense credit of up to 1,000. E. In calculating the small business expense credit, the total of all business expenses related to the business are reduced by 400, and the total of the remaining portion of the expense is multiplied by 100. F. For purposes of this Section C and Section D, “small business expense” means only the amount by which the rate of tax exceeds that tax imposed by the state. G. The state does not assess taxes on the amount of sales, other than the amount on which sales tax would otherwise be due, as determined by local ordinance. H. Any vendor that provides services that are a prerequisite for an actual sale to a consumer, such as an invoice, or charges an additional fee for those services will not be subject to any state tax. I.
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