NY CPAs: Sales/Income Tax for Mobile Notary Business
Hi! So I recently started a mobile notary business. I travel to people’s homes, businesses, nursing homes, etc. and notarize their documents.
My question is: should I be charging sales tax, and how does income tax work?
I see a lot of conflicting information online as I assume it varies state by state. So far, I have not been charging sales tax. However, I have been saving 30% of my net income (sales - milage expenses) for taxes. Although, I have been seeing online that apparently you do not have to pay income tax on notary income. Is that true? If so, would I still have to pay taxes on the travel fees?
EDIT: Solved! Thanks for your help everyone!!