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Sales Tax Filing Tips for Online Sellers

Is it taking too long to file your sales tax returns? Check out these filing tips from TaxJar and finally feel confident about sales tax! To save hours on sales tax per filing, try a 30-day free trial of TaxJar. www.taxjar.com

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Sales Tax Filing Tips for Online Sellers

  1. 1. with MARK FAGGIANO CEO OF % SALES TAX FILING TIPS FOR ONLINE SELLERS Never worry about sales tax. Ever.
  2. 2. THIS WEBINAR IS FOR PEOPLE WHO... • Have collected sales tax and need to file • Are apprehensive about sales tax filing • Find sales tax filing taking up too much valuable time Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 2
  3. 3. ” “ “I hate filing sales tax returns” 3/2/16Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 3 – Average TaxJar Customer
  4. 4. GOALS • Find your sales tax filing due dates • Use TaxJar to report your sales tax collected • Troubleshoot common collection & reporting issues • Use TaxJar to file a sales tax return • Questions!! (use the chat section to the left) Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 4
  5. 5. QUICK INTRO: • Passion: using tech to solve problems for small business! • Founded TaxJar in 2013 • Not a CPA or tax professional • Talked to thousands of online sellers, pros, auditors, states • Here to help you make informed decisions Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 5
  6. 6. WHEN DO I FILE RETURNS? Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 6
  7. 7. HOW OFTEN DO I FILE? • Your frequency is tied to how much you collect • The more tax you collect, the more frequently you file • Frequencies • Monthly • Quarterly • Semi-annual • Annual • Fiscal Annual Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 7
  8. 8. DEADLINES • Filing deadlines are between 15-30th of the month • Different in every state • States tend to change frequencies in January • Look for a letter from your DOR Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 8
  9. 9. TYPICAL FILING SCENARIO • eCommerce business filing returns in 3 states • Monthly in one state (20th of each month) • Quarterly in another (last business day of the month) • Annually in the third (25th of the month) Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 9
  10. 10. STEPS TO FILE A SALES TAX RETURN Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 10
  11. 11. IT’S ALL ABOUT THE DATA • Gather all sales and tax data from all channels • Put the data in the required format • File! Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 11
  12. 12. COMMON PITFALLS • Not collecting on all channels • Collecting incorrectly on 1 or more channels • Time consuming Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 12
  13. 13. HOW TO MAKE OR LOSE MONEY WHEN FILING Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 13
  14. 14. PAY ON TIME = $$ Some states have discounts for on-time payment • Generally between 1-2% • It’s free money! Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 14
  15. 15. PAY MORE IF YOU’RE LATE All states have penalties for late payment • Late payment charges • Interest on what wasn’t paid • “Late” means something different to states Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 16
  16. 16. FILE $0 RETURNS • File a return as long as you’re registered in a state • Fines or loss of license if you don’t • Invalid reasons to skip filing • $0 in sales • $0 in sales tax collected • You were on vacation, sabbatical, etc. Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 17
  17. 17. January 11, 2016Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 19 INTEGRATIONS
  18. 18. from calculations to reporting & filing Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 20 REGISTRATIONS & EDUCATION SMARTCALCS REPORTING AUTOFILE Painless sales tax compliance for online sellers,
  19. 19. Thousands of happy customers, including... Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 21
  20. 20. • 30-day free trial (no credit card required) • Monthly or annual subscriptions • Pricing based on transaction volume • Starts at $19/month for 1k transactions • $19.95 per AutoFile return Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 23 Get Started…FOR FREE!
  21. 21. Helpful resources 24 youtube.com/taxjar For visual learners salestaxcommunity.com Talk with 5,000 other store owners and tax pros! blog.taxjar.com Content just for ecommerce & sales tax
  22. 22. CALL US! 855-800-6681 Copyright © 2016 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 25
  23. 23. 3/2/16Copyright © 2015 TaxJar. TaxJar is a trademark of TPS Unlimited, Inc. 26 WE LOVE QUESTIONS!

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