Most Recent Blog Posts: Sales Tax Advice for Businesses

5 Steps for Retailers and Restaurants To Take This Year To Make Next Year’s Tax Season Easier

It is tax time, and we know how that goes for a lot of folks. Here are a few apps and services to help you automate and systematize parts of your business to make next year’s tax season much easier.

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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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10 Items to Consider for Long Term Business Continuity

We are now a few weeks into the full swing of the COVID-19 crisis in the U.S. At this point most small business owners have worked through the difficult short-term checklist of considerations to ensure that their business endures. But with no definitive end to the crisis in sight, it's time to think longer-term .

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