Taxes for Shopify Store Owners

It is super important to make sure you are paying all the correct taxes for your Shopify store! Shopify store taxes vary a lot based on your business structure and location so in this video we are going over the two most common taxes for online businesses. We will also go over our favorite app to manage all your taxes for Shopify which will save you tons of time!
🎄 Join our Holiday Sales Bootcamp & set your holiday promotion up and all the designs and emails to promote it in just 2-3 hours! Only $37- www.curiousthe... 🎁
👉 Get a 14 Day Free Trial with Shopify- shopify.pxf.io...
VIDEO TOPICS:
00:00 Different Taxes for Shopify Stores
01:16 Sales Taxes for Online Sales
02:40 Setting up Taxes in Shopify
03:10 Economic Nexus with Shopify App
05:05 Income Tax for Store Owners
LINKS MENTIONED IN VIDEO:
- TaxJar App- taxjar.grsm.io...
- Quickbooks Accounting Software (Free Trial)- quickbooks.grs...
#ShopifyStoreTaxes #TaxesForShopify #SalesTaxForOnlineBusiness
💸 Ready to get a step-by-step marketing plan on how to generate sales for your Shopify store on auto-pilot? Check out our Traffic Blueprint online course www.curiousthe...
Still need to set up your online store? 😥 Learn how to set up your Shopify store in just ONE weekend with our online class: www.curiousthe...
WAYS TO CONNECT WITH US:
1) Subscribe to our channel: www.youtube.co...
2) Check out our FREE Workshop on turning your Shopify store into a CONVERSION MACHINE: www.curiousthe...
3) Follow Us Online:
• Our Website: www.curiousthe...
• Facebook: / curiousthemes
• Instagram: / curiousthemes
• Pinterest: / curiousthemes
DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This help support the channel and allows us to continue to make videos like this. Thank you for the support!

[@Curiousthemes]

The extended tax deadline for paying your taxes in the US is now May 17th... are you ready? Comment below!

[@AdrianJ]

I've used Tax Jar resources several times and had no idea that auto file feature was even a thing. Thank you so much!!

[@mrs.quills7061]

I think this is super important. A lot of people are jumping into e-commerce without fully understanding the laws and liabilities around it. Sure, you can spend 10 minute setting up your shop (as I see so many KZbin videos saying), but no one wants to talk about the nitty gritty of any commerce. It gets a little more confusing when you’re selling online because you’re not limited to the location you’re selling in. It’s why I don’t sell internationally right now. What a headache that must be with the new laws and tariff stuff.

[@gina72916]

I have just started selling on Shopify. I told them that, at the moment, I am only interested in doing US sales (where I am) until I figure out how the whole tax and shipping and handling thing works here.

[@mrs.quills7061]

@@gina72916 yeah I haven’t started Shopify yet. I plan to in the future, for now I’m on Etsy which I know fees suck but they handle all of the taxes and shipping for me. Once I grow bigger I plan to use Shopify lite on my website.

[@abigaillagos9675]

@@gina72916 how did you learn about the taxes on other countries?

[@mindofmannyy]

@@abigaillagos9675 ^

[@FBI-yu9fb]

lol excuses, stay poor.

[@russellgray3303]

Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!

[@meinaqu2657]

The United States has over 50 states. Do I need to apply for a sales tax ID in each state?

[@joelwillis8698]

I no longer needed my store so I just let my Shopify subscription lapse. Shopify apparently “froze” my account. Now when I go to do my taxes I cannot see any sales information at all. They want me to pay for another month of service before they will give me access to my own sales information. Is that even legal? It feels like they are blackmailing me for critical tax information.. any advice would be appreciated! Thanks

[@EdnaBlossoms310]

In your experience should one start charging sales tax since the first sale? If not when should we start charging sales tax?

[@ayomideabiola4127]

Hmmm....I was once in a similar scenario ,DM let's share some ideas .

[@miloudiabir6384]

Hi there, can you share your experience with me please?

[@mariamiller1614]

When I pay income taxes, do I pay tax on the cost of the item + my mark-up? Or do income taxes only include the amount of my mark-up?

[@FamousMike0528]

if you don't have a physical location, do you have to pay the sales tax? is my home considered a physical location? That's where i package the orders

[@Idk28564]

Idk if you still see these comments but when do you start having to pay these taxes? So you have to pay them after you've started making 5,000 or more a month?

[@lukeluttrell3068]

Is this true??

[@ZirusAlpha]

Taxjar is great.....except for the fact that is 100$ a month, cant really afford to add that to my budget this early on

[@ZirusAlpha]

@@IJoeAceJRI there is?? welp ima look into that - i swear i looke at the options and i did not see that. gonna check that out now, specially for shopify, will make my life much easier.

[@danielwall1277]

If you run multiple shopify stores in the USA, do you know if these stores combined have to pay sales tax in other states when they all hit the threshold of sales in a state? or is it by each store hitting the threshold individually? thank you

[@bradentrombly276]

im a little confused granted im only 16 so i can't exactly start this yet but, theoreticlly couldn't i put everything down as a buisness expence so i don't have to pay taxes. for example if i wanted to buy a car with the money i make from my business could i say well its a work vehical its for my business, therefore making it a business expence so i don't have to pay taxes on it. or is that illegal like is said im only 16 so im a little confussed.

[@williamKaslana]

i wanna ask if i did dropshipping market to mostly usa countries but im not from usa or live in usa should i add taxes?

[@hodl9511]

Did you find out? I have the same question

[@mominadar9738]

I have the same question

[@Nates_lifee]

This was incredibly helpful - thank you so much!!

[@tonys490]

Hello , we are Uk based online store .. if we sell to an american /canadian customer .. is it mandatory to add (Americans sales and goods tax) to the price of item and charge them at sale on our website ? or can I make the customer aware that they may incur additional charges on receipt of item in USA?Please help thanks

[@ahmedmohammedahmedkasheh2062]

Did you find an answer dear?

[@GarciaPaulina90]

So on my shopify do I check mark charge taxes? And how about on tax calculations? Which one should I check?

[@kellz9543]

Okay so what if I’m dropshipping from aliexpress, and I have a virtual mailbox with a business address. would my business address be the physical location?

[@jadenbelcher1729]

If I use ship out orders from my home is that still considered a location? Do we have to have a location?

[@mrs.quills7061]

Yes, that’s considered your “nexus” from my understanding. Basically, your home is where you do business and thus it’s taxable income.

[@raistlin449]

Thanks. Lots of interesting information to look into

[@lenoxnianzou6354]

This is what I have been wondering a lot about

[@Curiousthemes]

Glad that you found the video helpful!

[@lenoxnianzou6354]

@@Curiousthemes thank you a lot

[@UNKNOWNBYTE]

What about clothing specifically? 🤔

[@mindofmannyy]

same here wondering

[@albertcohen4401]

Hello Advice about taxes I am planning to build a store in shopify With a domain. I'm a non USA or Canada citizen Who want to sell products in USA and Canada What are the taxes rools for me ? I would like to fill correctly the tax settings in my shpify store. Can you please let me know ? Thank you. Albert

[@jamzempire]

Hey albert did you figure this out?

[@ahmedmohammedahmedkasheh2062]

Same question did you figure this out?

[@justiceearth9702]

I'm confused. As I do not have a physical location. I sell online only. Do I still need to charge sales tax?

[@Youresthiemma]

Yes your nexus is your home

[@Youresthiemma]

This is a new law so that’s why it’s confusing right now hah

[@mrs.quills7061]

@@Youresthiemma yeah seriously it’s so stupid. I wish they would get rid of the law. It’s confusing to me too and what made me hesitant about opening up a shop. I’m confused because while I understand my “nexus” which is where I live, who do I charge sales tax to then? The other buyers who live in my state? Or do all buyers have to pay my state sales tax?

[@Youresthiemma]

@@mrs.quills7061 only to people who buy in your state. Shopify automatically does this, all you will have to do is keep track of what they charge save it and pay it on time. However the site tax jar can do the saving and paying for you but in my opinion it’s not worth it. It’s very simple to pay.

[@jasminegutierrez7539]

@@Youresthiemma how do you pay or how do you know when to pay?

[@jamesofla9697]

How would you calculate processing fees from credit cards, PayPal, etc? Would sellers just include that fee in their pricing to cover the costs or is there another way of going about it?

[@ElizabethAmanna]

in pricing to cover costs I think

[@79mjm79]

Get a €/$10 product, sell for €/$25

[@jasonmiller3011]

What if the seller is not from usa and does not have a registered business in usa

[@thetrickedoutteacher85]

I see TaxJar has a low review rating. Have you experienced trouble with it?

[@Vativ]

great video

[@Curiousthemes]

Glad you enjoyed it

[@carolinagrace402]

Thank you!

[@annalawryniuk3944]

Why does my screen look different when adding my tax location? It doesn't show the percentage like yours does. Also, i asked a friend that lives out of state to pretend like she was going to buy something and I asked her if she saw a charge for sales tax and she didnt? I am so confused. Am I supposed to be adding sales tax rates for every state?

[@workwithcrissy5928]

I have the same issue. I see no sales tax on my items at all.

[@pickersgrip]

Love your helpful videos!

[@SaijeMage]

is this information based on USA? im canadian

[@Curiousthemes]

Yes sorry this is based on US stores

[@brucejenner9472]

you need a mic

[@therealilyaskhan]

are you pregnant ?

[@sansali4243]

Hi, I watched your video, it seems that you are professional in Shopify, I wonder, do you provide 1to1mentoring service? Want to learn more from you.