HANOVER PARK, IL 60133
(773)-321-0007
Sales Tax Accounting
Accurate tracking, reporting, and payment to the Sales Tax authorities.
01Accurate Reporting
We offer continuous reports that detail the amount of sales tax you have paid within a specified timeframe.
02Automatic Payments
Through different platforms, we offer the ability to make ongoing automatic payments to required tax authorities
03Compliance
Making sure to keep up to date with your sales taxes is vital to make sure your business stays in compliance
What is Sales Tax Accounting
At Coastal Bookkeeping, our services extend beyond mere recording of sales tax. In addition to accurately inputting sales tax into the accounting software, we also provide ongoing reports and facilitate the setup of automatic payments to the necessary tax agencies. Our comprehensive approach ensures that your sales tax obligations are efficiently managed and streamlined.
Sales Tax Collection
Sales tax accounting involves accurately collecting sales tax from customers on taxable sales transactions.
Tax Rate Determination
Determining the correct sales tax rate applicable to each transaction based on the location and type of product or service is an important aspect of sales tax accounting.
Recording and Tracking
Sales tax accounting includes recording and tracking the sales tax collected separately from the actual revenue generated from sales
Reporting
Sales tax accounting involves preparing and submitting periodic sales tax reports to the appropriate tax authorities, reflecting the sales tax collected during a given period.
Recording and Tracking
Sales tax accounting includes recording and tracking the sales tax collected separately from the actual revenue generated from sales
Reporting
Sales tax accounting involves preparing and submitting periodic sales tax reports to the appropriate tax authorities, reflecting the sales tax collected during a given period.
Payment Management
Sales tax accounting includes managing the payment of sales tax liabilities to the tax agencies within the designated deadlines.
Compliance with Regulations
Sales tax accounting ensures compliance with local, state, and national sales tax regulations, including understanding and adhering to tax thresholds, exemptions, and filing requirements.
Integration with Accounting Systems
Sales tax accounting integrates with the overall accounting system to ensure accurate financial reporting and reconciliation of sales tax transactions.
Book A Call
START NOW WITH A NO-COST CONSULTATION
Integration with Accounting Systems
Sales tax accounting integrates with the overall accounting system to ensure accurate financial reporting and reconciliation of sales tax transactions.
Book A Call
START NOW WITH A NO-COST CONSULTATION
