Does a music recording studio need to charge sales tax for it’s services or for the sale of beats?
Posted by adminJan 1
I am thinking of starting up my own recording studio I would be the only employee and I need to know if I need to charge taxes for any of my services? the business would be in Houston, TX. Also I need to know how I would be able to file my income tax and how does a W2 work?
One comment
Comment by String7th on January 1, 2010 at 4:27 pm
I own a recording studio in Texas also. If you file all your studio’s income, the state will tax that income, so you might as well make the customer pay for it.
I don;t know all the exact forms you have to have, but you will file all business income without the tax, and since you allready charged the customer the 8% sales tax at the time of service, you dont take a loss