#sales-tax
Sales tax compliance, nexus rules, filing requirements, and tax automation for businesses
If 50%+ of your metered electricity or gas runs production equipment, Texas, Indiana and other states exempt the whole utility bill — plus 3–4 years of refunds.
Record BFCM promo codes as contra revenue, reconcile processor payouts weekly, and accrue December's ~17% holiday returns before year-end close.
Price each rental off replacement cost — about 1/20 per day — capitalize the fleet under Section 179 or bonus depreciation, and track utilization per item.
Illinois ended its 1% state grocery tax in 2026, but 600-plus towns reinstated it by ordinance — check your town's rate or remit the 1% uncollected.
Installs pay once; battery plans and service calls pay every year. Split install, recurring, and warranty-reserve lines or winter eats the margin.
Recognize MCP usage revenue as agents consume it, hold prepaid credits as deferred revenue, and track API passthrough cost per tool.
One festival weekend out of state can trigger sales tax nexus. Register first, collect the combined rate, and reconcile the gross 1099-K on Schedule C.
Illinois waives all penalties and interest on 2021–2026 remote-seller sales tax paid at a flat 9% by October 31, 2026; after that, IDOR may assess 15%.
Quote wallpaper per roll or square foot, cost prep separately, allow 10–25% pattern waste, and book deposits as unearned revenue — not income.
Washington's small-business B&O credit rises to $375/$125 monthly in 2029 — unless voters repeal its funding on Nov 3 or courts strike it.
Budget 2–4% shrinkage, split fresh from dry COGS, book the building's 10–15% commission as rent, and tax prepared food apart to see if a micro-market pays.
US gift card sales are tax-free — sales tax applies at redemption on the full price, at the current rate in the redemption state.
