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Who does the bonus belong to?
Must the buyer be notified that his agent is offered a bonus?
The bonus must be public. The procuring agent (buyer agent) gets the bonus. Yes, the agent should tell the buyer that he will be getting the bonus. It is possible that the buyer will ask that it be applied to the selling price.
Discover a Contrarian view to handling trade-ins that will increase your sales and profits.
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Im setting up a new busness and not sure how to separate my tax information
No. Not unless you want to know how much you spend on sales tax. Or unless you plan on re-selling something. Then, you’d need to record it so that you have documentation that the tax has already been paid, and, thus, you don’t need to charge it to your customer (unless you are re-couping the tax you paid by charging it to your customer.)
But under the vast majority of circumstances, there’s no reason to record sales tax separately from the product or service- even when capitalizing an item, sales tax is typically included in the asset cost.
Good luck! :0)
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