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Shipping to NH for Tax Savings: How Does It Affect Catalog Orders?

In summary, as an independent consultant for Pampered Chef, you will typically need to file a Schedule C (Form 1040) to report your business income and expenses. Your Pampered Chef income should be reported as self-employment income on your tax return, and you may be eligible for tax deductions for business expenses. If you expect to owe $1,000 or more in taxes for the year, you may need to pay estimated taxes quarterly. You may also be able to deduct the cost of attending Pampered Chef conferences or events as a business expense, but it is best to consult with a tax professional for specific guidance.
Bexs50
333
I didn't know where to post this but... I live in Maine where tax is 5%. I am doing a catalog show with a girl who also lives in Maine but works in New Hampshire where there is no tax. She wants to know if her coworkers/friends have to pay tax on thier orders if she has the entire order shipped to a NH address. Does anyone know the answer to this question? Your help would be greatly appreciated!

Becky
 
Hi Becky,

I'm not sure, but I think you pay the sales tax of the state where the items are being ship to...So if everything is being shipped to NH, your guests would pay the NH sales tax...

I think that's right, if not, please correct me. :)
 
Sales tax are paid according to where the party is shipped so have it go to NH.
 
Ship it to NH and nobodywill pay tax :)
 
  • Thread starter
  • #5
Thanks for the help ladies! My first post and so easy!! I love this website!
 
I would just be happy with lower tax, my podunk town has the highest sales tax in the State!
 

Related to Shipping to NH for Tax Savings: How Does It Affect Catalog Orders?

1. What tax forms do I need to file for my Pampered Chef business?

The tax forms you need to file will depend on the structure of your business. As an independent consultant for Pampered Chef, you will typically need to file a Schedule C (Form 1040) to report your business income and expenses. You may also need to file other forms, such as Schedule SE for self-employment taxes or Form 4562 for depreciation of business assets.

2. How do I report my Pampered Chef income on my taxes?

Your Pampered Chef income should be reported as self-employment income on your tax return. This means you will need to file a Schedule C (Form 1040) and report your income on line 1.

3. Are there any tax deductions I can take for my Pampered Chef business?

Yes, there are several tax deductions available for Pampered Chef consultants. These may include deductions for business expenses such as product purchases, marketing materials, and home office expenses. It's important to keep accurate records and consult with a tax professional to determine which deductions you qualify for.

4. Do I need to pay estimated taxes for my Pampered Chef business?

If you expect to owe $1,000 or more in taxes for the year, you will likely need to pay estimated taxes quarterly. This includes self-employment taxes on your Pampered Chef income. It's important to stay on top of your estimated tax payments to avoid penalties and interest.

5. Can I deduct the cost of attending Pampered Chef conferences or events?

Yes, you may be able to deduct the cost of attending Pampered Chef conferences or events as a business expense. However, the deduction may be limited to 50% of the cost and may also be subject to other rules and restrictions. It's best to consult with a tax professional for specific guidance on deducting conference and event expenses.

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