subject: Where can a Sales Tax Exemption be granted for your business? [print this page]
Not all transactions incur sales tax, but there are some special paperwork requirements for sales tax exemption. Depending on state law, some eligible customers, products or sales are exempt from sales tax. Businesses must obtain the proper exemption certificates, check their validity and keep records. Proper documentation is required to ensure that an otherwise eligible transaction doesn't cause questions on an audit. Defining a verification process reduces administrative errors in the business. Businesses can use Accountance.net to plan and understand their tax obligations and compliance needs. Are there good procedures in place at your company to check and keep exemption certificates?
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