The government levies a consumption tax, known as a sales tax, on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the shop, and paid to the government. A company is liable for sales taxes in a particular jurisdiction if it has a nexus, which, depending on the local rules, can be a physical location, an employee, an affiliate, or some other presence. The best way to ensure your business's sales taxes are paid correctly is by trusting a professional bookkeeper. Please book an appointment to learn more about it.
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