Filing Sales and Use Tax Returns

Filing Sales and Use Tax Returns

When it comes to opening a new business, all the rules and regulations can be confusing and stressful. Many business owners today have no training in business law or sales tax systems and may never have heard of a nexus determination or understand what it means to them. A critically important aspect of owning a business is filing sales and use tax returns. If you have never filed sales and use tax returns, the professional team at SalesTaxSolutions.US can help you.

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Sales Tax Reports

You have likely been filing personal income taxes all your life. You may do it yourself or you may get tax accounting help. Filing personal income taxes can be complicated and filing sales tax returns can be even more complex.

First, you must ensure that you have collected taxes correctly from your customers. In-state customers pay whatever the tax rate is in your state, but out-of-state customers pay a use tax, which is equal to the tax rate in their jurisdiction. It’s up to you, as a merchant, to determine what the rate is in your customer’s area and charge them correctly.

It would be challenging enough if this duty was a matter of having a list of states and their tax rates, but some counties, cities, towns and townships have their own tax rates on top of the state tax that you must also collect and remit. The time it would take you to gather all this information — and stay up to date on it — can be overwhelming. At SalesTaxSolutions.US, we can help you by designing a sales tax and use system just for you.

The system we design for you can automatically generate sales tax reports and use reports so you can pay taxes in all the jurisdictions in which you owe, on time.

We can also help with sales tax registration. Many states require businesses to register in order to pay taxes in their state, and every state has a different process. If you neglect to file your sales tax registration, you may not get credit for the taxes you pay in that state. Work with SalesTaxSolutions.US to ensure your sales tax registrations are filed correctly and on time.

 

When to File Sales Tax Returns

Filing sales tax returns must be done on a quarterly basis in most states. Each state may also have a deadline for filing ecommerce sale and use taxes, and if you miss this deadline, you may have to pay a fine.

Considering the potential enormity of this task for a successful ecommerce business can be daunting. You may be required to fill out more than 50 sales tax returns every quarter, as well as remit the correct amount of taxes.

It’s smarter for a successful business to outsource this task to a sales tax compliance company such as SalesTaxSolutions.US. We assist clients with creating ecommerce sales tax reports and filing sales tax returns. This frees your business up to concentrate on what’s important — operating, managing and growing your business. You lose money when you have to take time away from work to file sales tax returns.

Moreover, at SalesTaxSolutions.US, we are experts in filing sales tax returns. If you are not a tax accountant, you may make mistakes when you’re filing sales tax returns and be assessed with fees or penalties if the mistake is discovered.

Call SalesTaxSolutions.US today and find out how we can help you with filing sales tax returns.