Whether you are just starting out and ready to choose a point-of-sale system for your business or looking for something new, choosing a POS is a big decision. After all, this is an important technology that you will use to run, manage and grow your business. There are so many options out there. Here are a few things to consider to start.
Continue Reading How to Choose the Right POS System for Your Business >
Gladys Harrison’s mother started Big Mama’s Kitchen and Catering because she had a true passion for food and community. She did not start her business to spend hours stressing about sales tax.
Continue Reading Big Mama’s Kitchen and Catering Saves Time and Eliminates Stress with DAVO >
Your EIN is your Federal Employer ID Number. Think of it as your business’s Social Security Number. Here is what you need it for, how to apply for it, and how to find it.
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Are you trying to put the right price in your POS so your sales tax is calculated correctly and you get the price you want? Our simple sales tax decalculator can help.
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When I opened my first restaurant, a wise friend said to me “It’s not how much you make, it’s how much you keep. If it doesn’t contribute to your bottom line, you have two choices: ditch it or do it as efficiently as possible.”
Sales tax falls into the “do it as efficiently as possible” bucket. Mismanagement of sales tax can be disastrous to your bottom line.
Should bars still include sales tax in the price of their drinks or are they actually subsidizing part of the drink for all of their customers and giving up revenue?
Continue Reading Why Do Bars Include Sales Tax in Their Drink Prices? >
In these unprecedented times, it’s a real possibility that many small-to-medium-sized businesses will, despite every effort, be forced to close their business and declare bankruptcy. If these businesses had used the sales tax collected prior to closing their doors to sustain their business for a time, what will happen to that debt?
Continue Reading What are the Long-Term Implications of Declaring Bankruptcy While Still Owing Sales Tax? >
Many of you have pivoted to offer take-out, delivery, and maybe even online sales during the COVID-19 crisis. If you are new to these services, we want to remind you that you need to check how the items you are selling are taxed in your state. It’s not as cut and dry as it may seem.
Continue Reading Quick Tip: Check Your Delivery and Pick-Up Sales Tax Rates >
Many businesses who otherwise do a good job documenting their sales fall prey to a common sales tax trap – tax-exempt sales. In order to protect themselves, owners can follow simple guidelines ensuring these sales don’t fall through the cracks.
Continue Reading 3 Simple Steps to Documenting Tax Exempt Sales and Avoiding Liability >
We are headed into a very busy season for a lot of you! The ten biggest sales days of the year happen in November and December. Holiday shopping is one reason for the boost but even grocery retailers have a spike as everyone prepares for their special occasion meals, events, and gifts.
Continue Reading Tips for Planning for Your January Sales Tax Bill >