Behind on Your Sales Taxes?

Common Sales Tax Missteps

Forgetting to pay your sales taxes can quickly put your business in trouble with state tax authorities. There are, however, other things that can also raise red flags.

1. Charging The Wrong Rate – It’s important to educate yourself on the sales tax rates for every state where you conduct business or establish a nexus. Rates vary by location and even based on the types of goods or services sold. Failing to collect the correct amount can quickly lead to tax trouble.
2. Underreporting Sales Taxes – Be sure to correctly document and save all necessary paperwork related to your sales. Failure to report even a few could trigger an audit and lead to serious consequences.
3. Failing to File Sales Tax Returns – Submit your sales tax returns on time. Failure to do so can lead to penalties and interest fees. In instances where the state believes you willfully chose not to file, criminal charges and lawsuits may follow.

If you’ve received a notice or letter regarding your sales taxes, don’t ignore it. Now is the time to reach out to a tax professional for assistance and explore your relief options.  

Sales Tax Relief in 3 Easy Steps!

Being a small business owner comes with many responsibilities, including when to collect, file, and pay your sales taxes. Unfortunately, there’s no universal sales tax law. Each local and state tax authority has its own regulations and deadlines. This can make it very easy to make mistakes or get behind if you do business in multiple states or online.

Unfortunately, failing to meet your sales tax requirements can lead to hefty fines or even jail time. That’s why working with a tax expert is essential for getting your business back on track.

If you’re behind on paying your sales taxes, relief is possible with our easy 3-step process: