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4 Replies Last post: Dec 19, 2007 1:44 AM by Lighthouse24

New Technology & Tax Law, a good mix?

Dec 17, 2007 1:34 AM

metrouni 1 posts since
Oct 19, 2007

Hello,

I am a small business owner that provides VoIP and High Speed Internet services to residential and business customers. We just started providing these services through wholesale agreements with larger companies that have the infrastructure and capital.

While our services are top notch, I am unsure about tax laws when it comes to VoIP and High Speed Internet. While Rhode Island (my state of formation) has a Public Utility commission they do not cover the area of VoIP and DSL.

Does anyone have any experience in taxing services that are offered in such a manner as mine are. We are a small company so even a telephone call with a lawyer is out of our budget...

The internet seems to be of little recourse and I want my business to remain legal.

Thanks for the insight.

Metro

Tags: voip, hgh_speed_internet, taxes, new, techology Report as inappropriate

LUCKIEST 7,932 posts since
Aug 6, 2007

1. Re: New Technology & Tax Law, a good mix? Dec 17, 2007 6:52 AM

Best of luck, I have an Accounting background and am a Quickbooks consultant.
You can email me at "pdeig@juno.com", hopefully with a phone number, and I will be happy to
call you back, LUCKIEST

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DomainDiva 1,731 posts since
Oct 10, 2007

2. Re: New Technology & Tax Law, a good mix? Dec 17, 2007 7:24 AM

Just a quick question...you started a business unaware of the tax implications? Wheres your accountant? This is one of the items you should have covered in the beginning...LUCKIEST.....I hope you can get this straightened out....it could get messy.

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LUCKIEST 7,932 posts since
Aug 6, 2007

3. Re: New Technology & Tax Law, a good mix? Dec 17, 2007 7:53 AM

in response to: DomainDiva

Thanks for the plug, DD. That is why I suggested a phone number.
Will keep everybody informed.
LUCKIEST

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Lighthouse24 2,396 posts since
Oct 10, 2007

4. Re: New Technology & Tax Law, a good mix? Dec 19, 2007 1:44 AM

You are required to collect and pay sales tax on telecommunication services (see State of Rhode Island Division of Taxation Sales and Use Tax Regulation SU 07-129). If you're like most other states, you have to pay 911 fees for VoIP, too. Hope this helps. Best wishes.

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ForumsLegal and Insurance

This Question is Possibly Answered

New Technology & Tax Law, a good mix?

Dec 17, 2007 1:34 AM

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