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 .
Prior to starting DAVO Automated Sales Tax, I owned a successful restaurant called the Blue Sky Cafe in northern New Jersey for many years. I want to tell you about my experience when we closed down for a short period after 9/11.
The uncertain business environment brought on by COVID-19 has businesses struggling to hold onto as much cash as possible. Many business owners are asking whether they should stop remitting sales tax and instead use it as working capital.
Looking for sales tax resources for your specific state? Use our state resources to find important sales tax information like specific regulations, sales tax rates, what is taxable and what is not, when your sales tax is due and more.
In these unprecedented times of COVID-19, businesses large and small have been turned upside down. Paying taxes is likely one of the furthest things from the mind of most business owners, in spite of the fact that April 15th and April 20th tax deadlines are right around the corner.
Litter Tax is a tax that some manufacturers, wholesalers, and retailers pay in Washington State. The tax is collected from the business subject to a litter tax and used to support litter control programs in the state including cleanup and for education and awareness programs that relate to litter control and recycling.
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.