We are going to discuss charging your customer sales tax after the sales transaction has been completed. There are multiple options available to you if you discover that you didn’t charge sales tax correctly. Check out the video below. Key Takeaways: There are...
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...
When making a refund request, review the website of the taxing authority to ensure you have all documentation that fully supports the request. Expect that the documentation may be reviewed before funds are released. The refund request, itself, will be audited. In...
The Sales Tax Sisters discuss common errors that business owners make when filing their sales & use tax return. This video addresses collecting sales tax from clients that are located in a different state, filing a sales tax return when you have no sales,...
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