ohwowmart asked:
I live in the U.S. and I have a ecommerce website. Currently I am doing drop-shipping for a Chinese company. (my supplier ships the item directly to my customer). I am charging my customers through Google Checkout? Once the funds are in my bank I will pay my supplier via Western Union. I send about 30,000 to China monthly at least. What are the taxes am I responsible for?
Lisa
I live in the U.S. and I have a ecommerce website. Currently I am doing drop-shipping for a Chinese company. (my supplier ships the item directly to my customer). I am charging my customers through Google Checkout? Once the funds are in my bank I will pay my supplier via Western Union. I send about 30,000 to China monthly at least. What are the taxes am I responsible for?
Lisa
Tags: Drop Shipping, Ecommerce Website, Ships
Arlene
simple.
price less costs = gross profits.
gross profits less operating costs = net profits
net profits less SS, MEDi, FEDERAL taxes, state income taxes = in ur pockets.
contact local qualified CPA if u got lots of money moving.