FarmBot Inc pays the following taxes and fees.

Federal

Tax Type Agency Notes
Corporate Income Tax IRS Applies to all income.
Import Taxes Customs and Border Protection Applies to all imported goods.
Medicare IRS Applies to all US employees.
Social Security IRS Applies to all US employees.
Unemployment (FUTA) IRS Applies to all US employees.

State

California

Tax Type Agency Notes
Corporation Franchise Tax California Franchise Tax Board Because our business is incorporated in the State of California.
Employment Training Tax (ETT) California Employment Development Department Applies only to California employees.
Sales and Use Tax California Department of Tax and Fee Administration (CDTFA) Only applies on sales to California customers.
Seller’s Permit California Department of Tax and Fee Administration (CDTFA) Required to sell products in California.
Statement of Information California Secretary of State  
Unemployment (UI) California Employment Development Department Applies only to California employees.

Illiniois

Tax Type Agency Notes
Business Income Tax Illinois Department of Revenue Only applies on Illinois revenue only.
Income Withholding Tax Illinois Department of Revenue Applies only to Illinois employees.
State Sales Tax Illinois Department of Revenue Only applies on sales to Illinois customers.
Unemployment (SUTA) Illinois Department of Revenue Applies only to Illinois employees.

County and city

San Luis Obispo

Tax Type Agency Notes
Business License City of San Luis Obispo Finance Department Required to operate a business in San Luis Obispo City.
Unsecured Property Taxes San Luis Obispo County Auditor-Controller-Treasurer-Tax Collector (ACTTC) Paid on all non real estate backed property (equipment, etc) in San Luis Obispo County.

Insurance

In addition to the taxes and fees above, we also pay for insurance as shown in the table below.

Type Insurer Coverage
Automobile Liability The Hartford Hired and non-owned automobile accidents
Commercial General Liability The Hartford Damage to rented premises
Medical expenses
Personal injury
General aggregate
Products comprehensive
Dental Principal Current employees
Health United Healthcare Current employees
Life Guardian Current employees
Special Form The Hartford Theft, fire, smoke, wind, hail, and rain damage to business property
Vision Principal Current employees
Workers Comp AP Intego Current employees