What you need to know about sales tax
As small business owners, we all deal with a variety of taxes. From payroll taxes to sales taxes, I know it can get confusing! It can be easy to think that because you’re used to paying sales tax, that it is also easy to understand for your business. Many clients discover, however, that sometimes understanding sales tax and how it relates to their business can be one of the more complicated financial scenarios.
Let’s take a look at some of the most common questions I get about sales tax. Most of my clients are in Arkansas, so I will use our state as an example.