I'm starting out in the festival biz. I know its a must to charge sales tax but there are two things I would like to avoid if possible: 1.) Having to figure out the tax for each item when it sells. 2) Making lots of change (and having to keep a lot of change on hand) because the added sales tax prevents me from charging round figures. Does anyone know a way around this? I've seen talk on this forum about charging round numbers like $25, or two for $40 for product. I'm assuming this is the pre-tax price and you add the tax afterward? Is there a way to figure the price in advance so the $40 is the cost after taxes, and I can keep the round figures?
Also, I've registered for my tax number here in Florida, but do I need to register for one for each state I do festivals in?
One more thing. I just read a post that says art festivals require you to have insurance on your art. (One more thing I realize I have to spend money on!) Is this true with all festivals? When do they ask for this information - in the application process, or when you arrive to the show? I am doing a show in two weeks and was not notified about needing insurance when I was accepted. I'm worried I will show up and not be able to participate because I do not yet have insurance.
Thanks in advance.