I have my basic business plan put together, and someone told me I will have to pay B and O tax. It is assessed at different rates for different activities. Can any WA folks help me sort it out? I am pretty sure I am exempt from sales tax because I will be running a med duty rollback for copart to start out... but the B and O could really shut me down.
I don't have an accountant/tax advisor figured out yet; hope to have that soon and will run it by them as well.
Thanks for any info you can provide.
Paul
I'm sure you will have to do Business & Operations taxes. If you don't charge tax on your tows (retail) and just tow for Copart it shouldn't be that much at all.