#sales-tax
Sales tax compliance, nexus rules, filing requirements, and tax automation for businesses
Installs pay once; battery plans and service calls pay every year. Split install, recurring, and warranty-reserve lines or winter eats the margin.
Recognize MCP usage revenue as agents consume it, hold prepaid credits as deferred revenue, and track API passthrough cost per tool.
One festival weekend out of state can trigger sales tax nexus. Register first, collect the combined rate, and reconcile the gross 1099-K on Schedule C.
Illinois waives all penalties and interest on 2021–2026 remote-seller sales tax paid at a flat 9% by October 31, 2026; after that, IDOR may assess 15%.
Quote wallpaper per roll or square foot, cost prep separately, allow 10–25% pattern waste, and book deposits as unearned revenue — not income.
Washington's small-business B&O credit rises to $375/$125 monthly in 2029 — unless voters repeal its funding on Nov 3 or courts strike it.
Budget 2–4% shrinkage, split fresh from dry COGS, book the building's 10–15% commission as rent, and tax prepared food apart to see if a micro-market pays.
US gift card sales are tax-free — sales tax applies at redemption on the full price, at the current rate in the redemption state.
U.S. portable storage rentals are taxable equipment rental, not exempt real-estate rent — split five revenue streams and depreciate the fleet.
Pop-up dinner tickets are deferred revenue until the meal is served — book them as a liability, cost each event per cover, and never spend the float early.
Rental garments are fixed assets, not supplies: amortize them over 6–36 months, cost the plant per pound, and let route density set what the business sells for.
A thrift flip's true cost has five layers: price, prep, mileage, fees, shipping. Track them all, deduct only sold inventory, and reconcile 1099-Ks for the IRS.
