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How do you collect/pay sales tax as a small business?

Aug 23, 2010 by devzin98 | Posted in United States

I live in NJ and just started a small business. I'm still a bit confused about how to collect/pay sales tax (7% in NJ). I know that I should charge the 7% for all transactions, as per the state's instructions. However, I'm looking for some strategies/rules

It is as simple as collecting 7% from each purchase, depositing it all in my account, and then paying the state 7% of that total each quarter. You need to confirm what type of sales the tax applies to and that the state has assigned you a quarterly file

Mathew | Aug 23, 2010

Toy Theory -- Part II: More Business Tips From Classic Toys

22.05.12

Collectibles and Lego bricks contained lessons on topics such as asset management and core competencies. Here are three new examples of toy theory in action.

The Barrel of Monkeys Theory

Each of the twelve identical plastic monkeys is posed in a way that their arms take the shape of hooks. The idea is to pick up one monkey and use it to fish another monkey out of the pile by making the two monkeys link arms. Hooking two monkeys together is a piece of cake, but the challenge is trying to link the remaining monkeys together. You're only allowed to touch the first monkey, so as the monkey chain grows longer, you have less and less control over the monkey at the other end of the line.

Does that sound like the chain of command at your office? I thought so. It's not easy to make your intentions translate through that many layers of hierarchy. Like the game of "Telephone," part of the problem is that each link in the chain represents a loss of fidelity. In the case of the Barrel of Monkeys -- and certain organizations -- the problem is amplified by the fact that you have a limited number of ways to control the system. You can pull, but you can't push.

Source: Huffington Post (blog)

Business Strategy Game Tips & Lessons Learned

Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. The fact that you are looking ...

Strategy Games - How To Do well With Twitter – Twitter Advertising ...

by nanocancer

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Ace Your Case IV: Business Strategy Questions
83 pages 		Ace Your Case IV: Business Strategy Questions

Creator: WetFeet | Business & Economics - 2010-01-28
THE BUSINESS STRATEGY CASE, ANALYZED A business strategy case is the most venerable (and demonized) of the case question arena. ... WHEN TO EXPECT STRATEGY QUESTIONS Strategy case questions are fair game for any type of candidate.
Publisher: Universum
Secrets to Getting Into Business School, 100 Proven Admissions Strategies to Get You Accepted at the MBA Program of Your Dreams
310 pages 		Secrets to Getting Into Business School, 100 Proven Admissions Strategies to Get You Accepted at the MBA Program of Your Dreams

Creator: Brandon Royal | Business & Economics - 2010-03-15
You also wonder if there might be some way these two games hint at understanding modern business strategy in each respective region of the world. Third, sketch. To sketch things out, choose a grid-like diagram. Fourth, add structure.
The American Directory Of Writer's Guidelines, More Than 1,600 Magazine Editors And Book Publishers Explain What They Are Looking For From Freelancers
831 pages 		The American Directory Of Writer's Guidelines, More Than 1,600 Magazine Editors And Book Publishers Explain What They Are Looking For From Freelancers

Creator: Stephen Blake Mettee | 2006-06-30
Pyramid provides an excellent opportunity to get some exposure in the game business, and to establish a ... variant or strategy for your favorite wargame, boardgame, card game, CCG, computer game, or strategy game, send it in!
Management-International Edition
250 pages 		Management-International Edition

Creator: Daft, Kendrick, M., Vershinina, N. | Business & Economics - 2010-05-24
MANAGER'S SHOPTALK Tips for Effective Strategy Execution One survey found that only 57 per cent of responding firms ... Too often, managers put forth great effort to formulate a strategy and next to none crafting a game plan for its ...
Publisher: Cengage Learning EMEA
Global Business Strategy, Asian Perspective
336 pages 		Global Business Strategy, Asian Perspective

Creator: Hwy-Chang Moon | Business & Economics - 2009-09
Most firms do not just stick with one strategy, as strategic choices evolve continuously depending on the stage of ... always preaches that firms cannot be all things to everyone and that rigorous competition is the name of the game, ...
Publisher: World Scientific Pub Co Inc

business strategy game tip - News


Tennessee Sales Tax Holiday
Farragutpress - Jul 27, 2011
If mom needs new clothes, all her items are tax-free, also. Before heading out of the house, Tracey Hitson, store manager of JCPenney's Turkey Creek location, recommends shoppers have a strategy. “First of all, have a game-plan. What do you need?

Creative Bube Tube Named Agency of Record for Innovative Composites International
San Francisco Chronicle (press release) - Jul 27, 2011
Led by a team of commercialization experts ICI has adopted a tier two business model: it designs and manufactures game-changing products and partners with established companies in its target markets to utilize their sales channels for faster product

Ask Ars: Windows everywhere, or Windows nowhere? What is Microsoft's "single ...
Ars Technica - May 22, 5126
Speaking at PC EXPO '97—yes, 1997—Steve Ballmer, then Executive Vice President of Sales and Support in the World Business Strategy Group spoke of the "Windows everywhere" vision, and described how even then the ambition was a decade old.

Seven tips for hiring a social media intern
Home Accents Today (blog) - Jul 27, 2011
Check that your applicant understands business. Familiarity with social media is only half the game, a good applicant should understand that your business uses social media to promote itself and increase sales. • Value appropriately channeled

[Cover Story] Pumping Up Profitability and Productivity
PCT Magazine - Jul 27, 2011
[Cover Story] Pumping Up Profitability and Productivity What do your peers say about running an efficient business? Here are 10 tips to help make the most of your company's resources. What can we say about the recession that hasn't been growled a million times before? How about the good it has done?