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business code

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Level 3

I couldn't find a business code that would be best for used tire sales and repair? do you add the tire tax on the schedule c? 

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9 Replies 9
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Level 15

Most software has a drop down menu to select from... what software are you using?

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
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Level 15

Code 441300

I don't know what a tire tax is, but my guess is you add it to your gross receipts because you collect it from the consumer and then you add it to your COGS since you pay it out to some gov't agency.

 


ex-AllStar
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Level 3

Proseries, I looked but was unsure which to chose. they had one for auto and repair?

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Level 15

The codes are tiered by categories and drill down to a few more levels with more precise descriptions.  If the exact code you want to use is not on the list, settle with the higher level.  The first three digits followed by 000 and, ideally, first four digits followed by 00 would be what you should aim for.

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Still an AllStar
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Level 12

"The codes are tired by categories"

 

Sorry, I just had to Quote that before you see it and fix it, since you posted it in this Tire topic.

🙂

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"Level Up" is a gaming function, not a real life function.
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Level 15

Lol, it's the dreaded auto-correction on cell phone.  Can't live with it yet can't live without it. 😂

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Still an AllStar
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Level 15

For this particular thread, I really think tired by category is more appropriate.

 


ex-AllStar
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Level 15

Call these guys, they will know

Tire Taxes 3.jpg


ex-AllStar
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Level 15

You may like to bookmark this site for lookup next time, in case your tax product is not user-friendly when it comes to business code lookup (like PTO).

https://www.naics.com/code-search/?naicstrms=Tire

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Still an AllStar