Many companies and individuals are not aware of the requirement to pay use tax on purchases that were made without paying applicable sales taxes. Sales tax is levied upon the purchase at the point of delivery. This means that many internet sales do not include sales tax if they are shipped out of state, leavingContinue reading “Tracking Use Tax in Quickbooks”
Category Archives: Tax
Best Practices in 1099 Reporting
The 2016 1099 deadline is just slightly over a week away. This year, one major change affects 1099 issuers in the US. The due date for sending Form 1096 to the IRS has been moved up from February 28th to January 31. For many, this adds an additional time pressure to ensure all of theContinue reading “Best Practices in 1099 Reporting”
