Accounting Education Series: Sales Tax Basics

Sales tax is a highly complicated topic…and unfortunately one that small businesses cannot escape from. In fact, with the increasing dependence on sales tax to fund local governments, sales taxes have expanded to cover almost anything that a business sells – from products to services and everything in-between. You need to be aware of them no matter what industry you’re in. Let’s learn the basics of sales tax and how to track and record them in QuickBooks.