Help When Sales Tax Problems Arise
Running a business is difficult, and making sure your business is properly collecting and paying sales and use taxes only adds to the complexity of your job. When problems arise with sales and use taxes, you can rely on the Dallas sales tax attorney at Coleman Jackson, P.C., for experienced advice and counsel. Our lawyer is a Certified Public Accountant who understands many of the multifaceted accounting issues behind tax problems. We assist businesses with state and local sales tax issues in Dallas, Collin, Tarrant and Denton County, Texas.
Sales Tax Can Cause Significant Issues
Texas imposes a 6.25 percent state sales tax on the sale or rental of many goods and services. Cities and other local jurisdictions levy an additional 2 percent in local sales taxes. If a sales tax was not paid for the consumption, use or storage of goods, a use tax is collected at the same rate as the sales tax.
Problems may arise with sales and use tax collection in several ways:
- Often, problems occur when businesses collect sales taxes but do not pay the sales taxes to the government. Instead, they use the funds for other business expenses.
- Sometimes, businesses do not collect taxes on sales when they should.
- Sometimes, business owners encounter sales tax problems if they do not keep good records of their transactions.
These issues can cause significant problems for the operation of your business and for you. Sales taxes collected by business owners are considered held in trust for the state government. If you, as business owner, collect but fail to pay the sales and use tax to the government, the business owner can be held personally liable for the amount. Sales tax problems may show up during a state or IRS audit of a business' finances, just like failures to pay employment and sales tax.
Plano Use Tax Attorney
If you have a sales and use tax problem, or if your business is being audited, contact our law firm to schedule an initial appointment to find out how we can help you. Call us at 214-599-0431 or contact us online.
