narrowing my vision.....rational decision making
Thoughts:
If I sell a product I will:
- Have to charge federal & state taxes and keep track for Uncle Sam
- With all probability have to accept Mastercard and/or Visa
On the other hand, If I sell a service:
- There will not be (or most likely will not be) any taxes involved
- I most likely will not have to accept Mastercard or Visa
- I think it might be less stressful than selling a product
Ah Geeze ~ decisions, decisions.....
posted by Project Man | 10:29 AM
1 Comments:
FWIW, my advice is not to let the credit card issue deter you too much. Steve and I accept credit cards when people book our rental property down in Florida. It's ridiculously easy to set up via PayPal. Payors (or it "payers"?) don't even need a PayPal account to pay us this way.
Also, although we aren't selling a product, we still have to calcuate and pay Florida state taxes every month on our booking fees. But, that's because it's a 'hotel' scenario. Depending on the type of business you choose, you may or may not have to deal with that in Arizona.
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