Most Recent Blog Posts: Sales Tax Advice for Businesses

3 Tools to Help Restaurant Owners Spend Less Time in the Back Office

There are so many things that restaurant owners have to worry about and keep track of. Here are three tools that can help you save time and increase efficiency -- so you can spend less time in the back office and more time growing your business.

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Understanding Your Business State Tax ID

We know there are hundreds of things you need to understand in your business. Whether you are filing taxes, getting set up to automate your state sales tax, applying for business licenses, or adding employees - you might need to track down your state Tax ID and we are here to help!

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What is an EIN and How Do I Find It?

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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Sales Tax Calculator

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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Easily Avoid Losing 40% of Your Restaurant’s Profit

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.

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Adding or Changing Your State Sales Tax Profile in DAVO

Whether you are a new DAVO customer or just need to update your state sales tax profile credentials, this video will show you how and where to update this information in DAVO.

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Why Do Bars Include Sales Tax in Their Drink Prices?

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?

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How to Manage Sales Tax with 3rd Party Apps During COVID-19

As a restaurant owner during COVID-19, you are probably relying heavily on 3rd party apps (3PAs) such as Grubhub, DoorDash, and Uber Eats. With delivery likely being the vast bulk or possibly only revenue stream available to you, it’s vitally important that you understand who is responsible for collecting and remitting sales tax through these 3rd party orders.

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What are the Long-Term Implications of Declaring Bankruptcy While Still Owing Sales Tax?

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?

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Quick Tip: Check Your Delivery and Pick-Up Sales Tax Rates

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.

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