business has tax obligations. As a business owner
you must comply with all applicable tax requirements at
Federal, State and Local levels. These are the tax
requirements you must be familiar with. Tax
obligations are incurred depending on the nature of the
business. For example, you may not have to collect
Sales Tax if you are selling items on the Internet.
Where as if you were to sell the same items in a Store
Front you will be obligated to collect and pay the Sales
Tax to the appropriate municipalities (City, State).