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Reply to "Business seeks donations to help pay taxes?? "
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[quote=Freeman][quote=Anonymous][quote=Anonymous][quote=Anonymous]I like Java Green, but I don't have too much sympathy for businesses that don't pay their taxes. The tax would be on the profit *after* paying employee payroll, so it really shouldn't impact their weekly payroll if they were planning ahead. [/quote] Their taxes should be on all sales rung up.[/quote] But would expenses (payroll, overhead, etc.) be deducted from the sales tax at the end of the year? [/quote] No, these are two entirely different sets of taxes. A sales tax is imposed on just that, sales. That amount is charged on top of the cost of the products sold and goes straight to the entity imposing the tax.(This may be monthly, quarterly, whatever, but the business should never touch this money for their own purposes) Deductions, expenses, etc., are applied against income taxes to determine if you actually owe taxes, and if so, how much, just like with your personal income taxes. That being said, I don't think Java Green has good management, which would make me hesitant to support them. From the various articles I've read, they owe taxes dating back to 2010. They've nearly been evicted for non-payment of rent(No idea if they are current on rent now or not, but I don't consider it likely) and had issues with other bills. The businesses were for sale at one point, but I don't think there were any takers, which is another bad sign. It looks like taxes are only one part of their problem, and I would be very leery of where any money given to them will actually end up.[/quote]
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