The Taxman and Your Farm – What do you need to know to be prepared?
By Tracey Graham
Do you need to collect sales tax? How much sales tax should you collect? How do you register to collect sales tax? Who do you report them to, and how? When do you NOT need to collect taxes?
Right now you may only think of your taxes once a year, and no one really wants to talk about more taxes, right? Not to worry, sales taxes are paid by customers and can even be built into your prices. To help this money travel with ease through your business on its way to the Kansas Department of Revenue (KDOR), we recommend that you keep good records and CLICK HERE to read the Kansas Rural Center’s resource document Taxes and Your Agricultural Enterprise.
This resource document is an excerpt from Finding Your Niche, A Marketing Guide for Kansas Farms, published in January 2013 by the Kansas Rural Center. You may CLICK HERE to view the guide’s full Table of Contents and print or download other resource documents. Finding Your Niche: A Marketing Guide for Kansas Farms offers a great starting point for envisioning the potential your farm has to increase and respond to local demand.
To receive a printed and bound copy of the 200+ page guide, please order here or contact the Kansas Rural Center at 785-873-3431. A limited number of copies are available for a suggested fee of $25 to help cover printing, shipping and handling costs.