Tax Rates & Tax Answers

Tax Rates & Tax Answers

Are you worried that you may be paying your business taxes incorrectly? It’s a valid concern. Today, the internet makes it possible for anyone to easily set up an ecommerce business from home selling items they make or acquire from other sources. There’s less risk in ecommerce than there is in setting up a brick-and-mortar company because there’s no overhead. Oftentimes the hardest part of running a business is paying ecommerce sales and use tax correctly. SalesTaxSolutions.US is here to help. We provide fast, reliable services, including advice and information about sales tax registration, tax rates in other states and how they affect your business.

The Difference Between Sales & Use Taxes

Being a business owner doesn’t always prepare you for creating sales tax reports or filing sales tax returns. Before you started your business, you may never have heard of use tax. Most people are familiar with sales tax, since they have to pay it whenever they buy items, whether in a store or online. For this reason, you are likely familiar with the tax rate in your state, and maybe a neighboring state or two as well if they are close enough.

When you buy an item in state, the seller collects the sales tax from you and gives it to the state. But with ecommerce, businesses often sell items to customers in other states, and that’s when the use tax comes in. As a business owner, you must charge your customer the tax rate in the state where they live, not the state where you do business. But what is the correct rate?

Sales Tax Compliance

You might think it would be easy enough to look up this information, but nothing about taxes is that easy. You can research the tax rate in other states, but some counties, cities, towns and other jurisdictions levy another tax on top of the state tax that you must also collect.

Additionally, you need a reliable source to provide the information to you, because if it is out of date, you will open yourself up to possible fines from the IRS. Your goal is achieve 100% sales tax compliance every quarter. What is the best way to do that?

Ecommerce Compliance

SalesTaxSolutions.US offers customers what we call a “Quick Rate,” which allows you to check with us on current tax rates anywhere in the U.S. Our rates are guaranteed to be up to date, and they cover not just the state, but the jurisdiction as well.

You can contact us with a single question, or if you run a busy ecommerce business, you may prefer our monthly or quarterly subscription service. Regardless of whether you’re a subscriber or a single-use customer, you’ll get an answer from us usually within one business day.

Rely on SalesTaxSolutions.US for the tax answers to need to achieve sales tax compliance.