Jennifer Cedorchuk says, “The sheer volume of sales you experience during the holiday season could put you in a very different situation during tax season next year. There are several considerations you’ll have to keep in mind, such as an increase in revenue, locations where you or other staff members work, and potential exemptions. These tips won’t make up for advice from an accountant, but these are some things to keep in mind when dealing with sales tax.

Know Where You’re Selling

There are so many different taxes you’ll be responsible for this holiday season, from federal all the way down to city and even specific districts. If you don’t know where your customers are buying, you might miss one of the sales tax responsibilities on your list. It is up to you to know the specific districts where your buyers live, and that means you can’t just go on ZIP codes. Postal routes are changed all the time, but that doesn’t mean your districts change, too. Those ZIP codes don’t even specify certain cities, so you can’t rely on them in any way“.

5 Sales Tax Tips to Carry You Through to the New Year

HubSpot

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