Tax Law (Questions About Taxes)/State tax rates

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QUESTION: I am in the process of planning a small business. It will be an internet cafe, with coffees, smoothies, etc. No food prepared on-site. When thinking of pricing, I am not sure which state tax rate I would use. Do you happen to know which rate would apply in North Carolina?

ANSWER: You can find this on the nc revenue website?

Are yiu lazy or not ready to do business?





---------- FOLLOW-UP ----------

QUESTION: FIRST. I wanted to make sure that the 6.75% would be the proper tax rate to apply to purchases made in a quick-service restaurant. I am not lazy, nor am I stupid. I also hold two Masters degrees in business, so I do believe that I am at the very least qualified to run a business; but since I did not major in finance, I thought to seek out someone who would have such knowledge.. As you are supposedly an "expert" in taxes, I assumed that asking such a simple question would not constitute being attacked like this.

SECOND. You are rude, to put it as nicely as possible. I was not asking for you to file my taxes; I was asking for tax information. I cannot understand why you are so hateful to people asking your advice. Please be advised, I will be reporting you to this website as a hateful and rude "expert" that should be removed. I never inferred that asking this question of you would be "construed as to our relationship being more than cursory conversation." Perhaps you should learn some social skills.

Good day.

Answer
You missed the point.

99% of your question was readily available even if you had no business backgroud.  Your statement that you have 2 (two, for emphasis) masters in busines is totally scary.  I stand by my statement that you are lazy


You need a local cpa and you need them in a hurry.


And for the record. I have been doing this a long time and absolutely can't stand when lazy people just ask to be spoonfed.

You are better than that. Surely.

And to top it off.  I used to live in NC

emabarasing.  Back to B school for you.

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MEdusa

Expertise

Tax and general business including hospitality related (hotel mgmt degree and experience in industry prior to obtaining ms tax and cpa).

Experience

19 years cpa. ms tax. NOTE: My discussions are only a general information and do not constitute tax advise without entering into a specific agreement and executing an engagement letter; This free chat is nothing more than general information and should not be construed as tax advice nor does my response or replies imply an agreement to provide client specific advice or other guidance for purposes of avoiding IRS tax or penalties and should not be relied upon without your own validation and confirmation of the how the discussion may fit your facts... Not having all the facts and/or not having a direct client relationship prevents me from providing the most accurate replies as possible and I highly suggest using a local CPA to provide you with written advice and guidance. Taking matters into your own hands is much akin to trying to land an airplane without a license. It is easy to FLY a plane, but LANDING is when critical experience is key. In short, caveat emptor; do your homework and don't just rely on free chat board advice anywhere, anytime.

Organizations
AICPA, CSCPA (Ct society), National Tax,

Publications
a bunch.

Education/Credentials
MS tax and other post graduate coursework

Awards and Honors
variety including Summa Cum Laude

Past/Present Clients
I don't disclose or kiss and tell

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