Colorado has recently renewed a limited time sales tax deduction for restaurants and other similar “qualifying retailers,” which allows eligible retailers to retain and use a portion of their collected state sales tax (equal to the lesser of state net taxable sales or $70,000 for each month in the specified sales tax period).
Source: BDO
Latest Posts in "United States"
- Sales Tax Automation: Why Software Alone Can’t Ensure Complete Compliance and Risk Management
- Navigating the Ever-Changing Patchwork of U.S. Sales Tax Rates for E-Commerce Businesses
- Understanding Sales Tax Nexus: When Your Business Must Collect and Remit Across States
- South Carolina Rules Scaffolding Use by Insulation Contractors Is Not a Taxable Rental
- Juneau Approves Sales Tax Exemptions for Essential Foods and Residential Utilities
