As we’ve mentioned in the past, nearly half of state revenue is generated from sales tax sources. As such, auditors have been cracking down on businesses that do not comply. Recently, a local Missouri Dance Studio was slapped with a $73,000 fine for failure to collect sales tax due in part to a recent change in state sales tax law as detailed here. To try to avoid this situation, you can easily become compliant with sales tax rules through our partner Avalara. Learn more by signing up for the webinar below.
More Questions? Ask your sales tax questions or find a cpa online.
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Tags: sales tax, accountants, sales tax questions, Ryan Himmel
