What Are the Responsibilities After Obtaining a Permit?
Once you have your sales tax permit, you are responsible for: - Collecting Sales Tax: You must collect the appropriate amount of sales tax on each taxable sale. - Filing Sales Tax Returns: Regularly file sales tax returns (monthly, quarterly, or annually) as required by your state. - Remitting Sales Tax: Pay the collected sales tax to the state in a timely manner. - Keeping Accurate Records: Maintain detailed records of all sales and taxes collected.