The state can shutdown your business, file liens against your assets and in some cases seize some assets for not paying in your sales tax correctly.
Make sure you know if you are required to collect sales tax and then once you start collecting it you have to pay it in.
Some business owners get caught up in the thought that yes, I’ve collected sales tax, but I can’t afford to pay it in right now, because I don’t have enough money. This will get you in a lot of trouble!
Any money you have collected for sales tax needs to be kept ‘separate’ some how, as it is not your money, it is the state’s money and must be paid to them when it’s due.
We’re here to help you determine if you are required to collect sales tax and if so, we have the tools and processes to ensure it gets paid to the state properly and on time!