Could You Go to Jail For Failing to Remit Sales Tax?

The SALTcast

Content provided by Ryan Johnson, Jason Parr CEO, Paul Johnson, VP, Ryan Johnson, Jason Parr CEO, Paul Johnson, and VP. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Johnson, Jason Parr CEO, Paul Johnson, VP, Ryan Johnson, Jason Parr CEO, Paul Johnson, and VP or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

2+ y ago 17:26

MP3•Episode home

We often talk about what the most costly mistake is when it comes to sales tax. That is ignoring your sales tax situation. Every month you ignore it the greater your liability increases. When the sales tax could have been collected from your customers it is now coming out of your pocket. There is another side that we want to talk about today that we call. "the greatest TRAGEDY of sales tax."
Additional Questions Answered:
Could I really end up in jail for failing to remit the sales taxes I collected?
What if I have been collecting sales tax but haven't sent it to the state?
Am I set up to collect sales tax correctly?
Can a state force me to pay the tax after I have closed my business?
How does Peisner Johnson Help?
Can I collect the sales tax at the highest rate in a state and call it good?
What are the solutions if I have collected sales tax but haven't remitted?
If you are in this boat and are unsure of what to do next, book your free What's Next Call today and let's get you sorted out. https://peisnerjohnson.com/whats-next/

170 episodes

#CMI #Sales Tax #Nexus #Tax Audit #Ecommerce #Tax Rates #Tax Advisor #Daniel M. Peisner #Jason Parr CEO #Business News #Business #Podcasting Education #News #State Tax #CPA