August 01st, 2016
TAX TIP OF THE DAY... sales tax change for businesses owners
Effective 08/01/16, the early sales tax filing 1% discount is capped at $25 per month. In the past there was no limit to this discount.
Monthly filers… this starts for sales in August 2016
Quarterly filers… this starts for 3rd quarter 2016
Semi-annual filers… this starts for July-Dec 2016
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David S. Baboian, CPA