We are often approached by newer business owners who may recently have started an e-commerce site or other business and whose sales are ramping up. Sales tax compliance is a topic that comes up quickly in these circumstances. As our company, Miles Consulting, celebrates its 20 years in business this year, it’s always exciting to me to help start-ups envision their dreams.
There are many words you might not often hear if you are not in a tax-related field, but as a new business owner, it is crucial to understand their meanings to ensure sales tax compliance. Today, we are going to look at a couple of these words — “remit” and “collect,” and break down how they differ when it comes to tax compliance. Keep reading to learn how to make certain you are meeting all of your business’s sales tax collecting and remitting obligations.
Sales Tax Process For New Business Owners
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