answersLogoWhite

0


Best Answer

Your question depends on the location of the association -- which state -- and the vendor that the association proposes to pay.

If, for example, you hold your Annual Meeting at the local sports palace, and you agree to a no-host bar, a buffet of snacks and use of the club room, the venue will probably charge you sales tax, which you should pay.


If there is no sales tax in your state, or if you believe you have a tax-exempt status, you may pay no tax. You need proof of your tax-exempt status from the state agency where the association is located before you book the venue.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What sales tax does a condominium association have to pay on social events?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When was Canadian Professional Sales Association created?

Canadian Professional Sales Association was created in 1874.


How do you find a Florida condo association database?

The Secretary of State will list all associations that are corporations. Otherwise, it's the local county tax assessor tax rolls. You can contact a local realtor who specializes in condominium sales, and inquire as to a state-wide database.


What types of events does 24h have for photographers?

The types of events that 24h has for photographers are sales. They have tons of sales on merchandise for photography, such as cameras or film for pictures.


Factors to Consider when Purchasing a Condominium?

Over the past few years, the value of condominiums in many new and luxurious buildings across the country have declined considerably. This makes it a great time for someone looking to move into a condo to go ahead and purchase one. While it can be a great time to purchase a new condo, there are several things that a home buyer should do before closing on the purchase of their new home. When purchasing a condominium, one of the first things that you should do is examine recent home sales. While the entire housing market has been unstable, condominium prices have fluctuated much more than other forms of housing. To ensure that you are making a wise investment, and not overpaying for the condo, you should see what typical sales prices have been in the building, and in neighboring buildings, over the past 6 months. If you notice that they have been lower than what you are being offered, then you may be overpaying for the condominium. As you go through the due diligence process of purchasing the condominium, you also need to verify that the condominium's association is in good financial standing. Almost all condominiums are members of a larger association, which handles the maintenance and repairs of the property. Since so many condominium owners have defaulted on their mortgages and gone into foreclosure, many associations have less annual revenue than they did in the past. When reviewing the association's balance sheet and income statement, you may find that they are in debt. If the association is in debt, there is a good chance that some of the amenities will be cut or your payments will increase. Similar to purchasing a single family home, you should also have the condominium inspected before you purchase it. While you need to have the inside of the unit you are purchasing inspected, you also need to have the rest of the property inspected as well. Be sure to have the inspector get a look at your building's roof, plumbing, and electrical systems. If they find that these are in bad condition, you could be charged with a significant special assessment in the near future to cover these repairs.


What are the job responsibilities of a sales promoter?

A sales promoter is in charge of driving sales within the staff and within the company. Sometimes they are responsible for promoting and organizing outside sales events as well.


Where might one go to learn more about Porsche 944 sales events?

If someone wants to know more about Porsche 944 sales events then it is worth asking in any Porsche showroom. They will be able to give information on both local and national events.


How does social selling actually work?

The goals of social selling are to connect brands with prospects, build relationships, and engage them throughout the sales process. This can help businesses increase sales. Social selling is modern relationship building. Using their platform, the sales team of founders, executives, and executives have access to a unique social selling and sales training program. With our help, you and your team can sell online more effectively and work with buyers in the way that they do these days.


What would be a good career for a social person?

Sales Medical


How did sales of sauces and dressings grow in 2002?

Retail sales of sauces and dressings grew 2.7 percent to $7.02 billion in 2002, according to the Association for Dressings and Sauces.


What kind of sales did the the writing instruments industry report?

In the late 1990s, pens alone generated $1.7 billion in annual sales, according to the Writing Instrument Manufacturers Association.


What time of year has the best truck sales?

There are good truck sales when the company you want to buy the truck from has its employee sales pricing events that allow you to save thousands of dollars on some models.


What extra steps you can take to drive sales up?

advertise in social media