Sales Tax
What is sales tax?
Sales tax is a tax charged on the sale of certain goods and services. In most cases, the customer pays the tax, while the business collects it and sends it to the appropriate state or local tax authority.
Why is understanding sales tax important?
Sales tax is more than simply adding a percentage to an invoice. Business owners need to understand when they are required to collect sales tax, how much to collect, and where to remit it.
Proper sales tax management can help your business:
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Avoid penalties and interest from late or incorrect filings
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Collect the correct amount from customers
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Stay compliant with state and local requirements
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Avoid unexpected tax liabilities
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Maintain accurate financial records
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Navigate sales across multiple states and jurisdictions
Staying ahead of sales tax can protect your business from unnecessary costs and compliance issues.
What can Lighthouse Consultants offer?
If a business sells taxable products or services, the business will need to:
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Determine whether their sales are taxable
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Register for a sales tax permit
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Collect the correct amount of sales tax from customers
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File sales tax returns
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Remit collected tax to the state or local jurisdiction
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Keep accurate sales tax records
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Respond to sales tax notices or audits
Sales tax requirements can be complex, especially for businesses operating across multiple cities, states, or countries. We help businesses navigate sales tax registration, collection, reporting, and compliance requirements, helping you stay current with your filing and payment obligations.