Doing business about buying and selling How to pay taxes

Doing business about buying and selling How to pay taxes

In this article, for anyone who runs an online business along with a full time job and doesn't know how to pay taxes. And what documents do I need to prepare? In this article, we would like to present about paying taxes and various documents for you. If you are ready, let's go see it.

Things to prepare for paying taxes

1. Documents related to doing business should be kept. to be used in tax calculations

You should not forget to deal with the purchase documents. or proof of purchase So that you will be able to bring these evidences to use in tax calculations and submit tax filings to the Revenue Department as scheduled.

2. Understanding what kind of income you have

This part of the income will tell you how to pay taxes. In which part of the income that comes from doing business related to trading or even income from selling products through online channels The income in this category is called the 8th type. That is, there must be a personal tax payment 2 times a year, which has a method for calculating 2 steps as follows

- Calculated from revenue generated Taking income minus expenses and deductions is equal to net income multiplied by the tax rate, equal to the tax payable.

- Calculated from the income of trading business and other channels (to make a salary exemption) if the total amount is from 120,000 baht or more Two calculation methods can be used: a 0.5% contract and a deduction based on actual expenses.

3. Business accounting should be able to do it.

You should keep an income and expenditure account to prevent damage that will occur. And besides that, you should check your warehouse so that you are informed about the various movements. of the product which type of product should be reduced and which type should be added And it's important that you should separate your personal wallet from your business wallet. And the last thing is that you should keep the documents. that are related to complete product trading To prevent damage and be able to bring these documents out to be used to calculate the tax as well.

How are you? Hopefully this article will be useful for all readers and see you again in the next article.

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