From the course: WordPress: Ecommerce

Unlock the full course today

Join today to access over 22,400 courses taught by industry experts or purchase this course individually.

Understanding taxes

Understanding taxes - WordPress Tutorial

From the course: WordPress: Ecommerce

Start my 1-month free trial

Understanding taxes

- [Instructor] Taxes aren't simple. Some countries have a federal tax you pay, some states or provinces have a tax on top of that, some counties have a tax on top of that, and some cities have a tax on top of that. That is a lot of taxes. Let me start by saying, I'm not a tax expert, and you should get the necessary information from a tax professional. What I can do is give you an idea of how taxes work in general, so you can expect what taxes you'll have to set up. The general rule is that if you have nexus in a place, you have to pay those taxes. Nexus means having a physical presence in a region. A physical presence could be a warehouse, a storefront or even an employee. So if I have a store in Colorado and a warehouse in Utah, I have to collect both Colorado and Utah taxes. Now that doesn't mean that with every purchase I have to collect both Utah and Colorado taxes, you usually only collect one set of taxes. So if I my customer is in Colorado, I'll pay Colorado taxes, and if my…

Contents