How Sales & Use Tax Professionals Can Help You
Sales and use tax are two separate taxation methods that are tacked onto product and services, depending on where you find yourselves. Sales tax is the government's take of profit on a product that is for sale inside the borderlines of where the transaction takes place. This value may vary depending on where you find yourselves, as the United States has different sales tax percentages in each state. Use tax is an extension of that idea, and assesses those differences in taxation. For example, if an object has a tax attached in your state of residence, but another state doesn't tax it and you purchase it there, you'll be paying a use tax to consume the product as a member of your own state.
Taxes are frustrating not only because they're extra money coming out of your pocket at every turn, but because they are not uniform. Some items carry a sales tax in some places, but not in others. But if you bought it somewhere else to avoid the sales tax, you're hit with a use tax. No matter which way you cut it, taxes are lawful, and you've got to adhere to it, so it's best to make sure your bases are covered if your business is purchasing materials in different places. There's no shame in searching for assistance in setting your sales and use taxes straight, so hire a freelancer with sales & use tax experience from Guru.com today!