Overview of the sales tax return

Businesses that sell goods or services are responsible for collecting sales tax from their customers and remitting it to the appropriate tax authority. First, you’ll need to know your filing frequency, sales tax license type, detailed record of all sales and tax collected, and total amount due.

To file your sales tax return, you’ll access the state’s online portal. In rare cases, you’ll need to mail your return forms.

Completing the Sales Tax Return

You’ll need to fill out all necessary forms in order to submit an accurate and compliant tax return. The forms will cover: 

• Total sales

• Taxable sales

• Sales tax collected

• Deductions/Exemptions 

Review and Submit the Return

Carefully review all the information you have entered to ensure accuracy. Once you have reviewed that everything is correct, submit the return through the online portal (or by mail if using a paper form).

After submitting the sales tax return, you’ll need to remit the sales tax collected to the state tax authority. You need to ensure that the payment is scheduled to be paid on or before the due date.

Filing a sales tax return may seem daunting at first, but by following these steps and maintaining accurate records, you can ensure that your business remains compliant with sales tax regulations. Regularly review your processes and stay informed about changes in tax laws by staying in touch with your Taxually professional!

FAQ

I forgot to report some data and my return was filed. How can I make corrections to my tax returns?

As a first step, you should reach out to our customer care team and provide us with the data that was not reported. Our filings team will prepare corrections and submit them to the tax office in accordance with the procedures in each state. Service fees may apply to prepare and submit corrections. You can find more information on the amendment process here.