As your business changes or expands, or you make large purchases, interim reviews can help ensure that you are tax compliant. We talk about it more in the video below. Key Takeaways: Interim reviews are a useful tool in helping you remain sales & use tax...
We discuss intermingling your non-sales related deposits in your business bank account. While there are not rules against combining your business proceeds and nonbusiness related deposits into bank account, it can lead to a huge headache if you are ever subject to a...
As a business owner, it is important that you understand the sales and use tax registration requirements for your business. This is a quick introductory video about sales tax nexus and registration requirements. Key Takeaways: By registering your business, you are...
My client, an out-of-state contractor, had questions about California sales tax after being hired to perform a job in the state. The contractor stated emphatically that he wanted to do the right thing for his company and his client. The goals were to do the job,...
Inflated sales figures are a nightmare on a cellular level. Some taxpayers inadvertently inflate reported total and /or taxable sales figures by including sales tax in the amount reported. Sales and use tax collected from customers is NOT your money. The money...
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