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
![checklist_10331480](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/24482/checklist_10331480.png)
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.