With the start of the fiscal year on July 1 for many states and municipalities, a number of jurisdictions have increased their sales tax rates. For example, the rate in South Dakota increased from 4% to 4.5%. Rates in a number of localities in Colorado, Illinois, Kansas, Nevada, Oklahoma, and other states have hiked their rates. If you are not in these locations but collect sales tax on remote sales, be sure to check your collection obligations.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health