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Sales Tax

February SALT Checklist

What should you be doing in your state and local tax practice this month? Here's your SALT checklist for February.

Feb. 09, 2015

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February SALT Checklist

  • Sales tax rules are constantly changing. Now is a great time to compare new rulings with the business processes of your clients.
  • Find out if your clients are offering any new products for sale. Assess if and where their sales are subject to sales tax.
  • Are your clients making sales in any new states? If so confirm if nexus exists and set up sales tax registrations where necessary.
  • Make sure your clients are remitting their sales tax on time in order to avoid late payment penalties.
  • Make sure your clients are taking advantage of all available early payment discounts.
  • Some states require online filing. Check the rules for all states where tax is owed.