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Sales and Use Tax – Paul Gaulkin CPA

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The sales and use tax is imposed on retail sales of tangible personal property and in some circumstances, sales of services. It is important for businesses to distinguish between retail sales and wholesale sales because this tax is normally only imposed on retail sales. If you are a wholesaler, you do not want to be subject to additional taxes that are not your responsibility for paying. Retail Sales Tax At the most basic level, retail sales are sales directly to … Read more