Tax compliance is a confusing topic. You know your business needs to charge and collect sales tax, but how does that even work?
The process for handling sales tax is different for each business, but the broad strokes are fairly similar. For each sale, you’ll need to:
- Assess item taxability
- Determine the appropriate tax rate(s)
- Apply the tax to the sale
- Collect tax from the customer
Equally important is what you do with the taxes you collect. Remember that the tax isn’t actually a part of the sales price; you’re merely holding the money for the state until it’s time for you to file a return and remit all taxes for a given tax period. Learn more: [ Ссылка ]
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About Avalara: Avalara helps businesses of all sizes get tax compliance right. Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types.
