Sales tax credits can are either valid or they are not. Period. What is an unapproved sales tax credit? How does this topic impact the compilation of a correct sales and use tax return? Can you say “TROUBLE?” SALES TAX RETURNS: UNAPPROVED SALES TAX...
In this video, we discuss the importance of reconciliations, including reconciling your sales tax accrual account. Key Takeaways: if there are significant differences between what was reported on your sales tax return and the sales tax accrual account, document why...
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...
This is a short video about making sure that you don’t miss any reporting deadlines. There are compelling reason why you don’t want to be late when filing your return. Key Takeaways Set your reminders for least 1 week BEFORE the return or report is due....
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,...
Taxable purchases are one of the most misunderstood topics as it relates to sales & use tax. While it is a line item on almost all sales & use tax returns, most business owners do not know what they are. Taxable purchases are taxable items or services that you...
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