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3, December

9 Top Sales Tax Tips for Small Businesses in 2015

As small businesses look forward to 2015, tax considerations may be looming on owners' minds. The sales tax implications related to owning your own business can be confusing, and failing to comply with regulations is often costly. Here are nine sales tax tips that small businesses can use in 2015

Make your prepayments.

Small businesses are often required to make prepayments on their sales tax as it is collected. If you fail to comply with this requirement, you could face hefty fines that add to the amount you owe. Remitting sales tax as it is due will keep you from facing a big bill that will impact cash flow. Be sure to check on the requirements for each applicable jurisdiction.

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