Sales Tax Registration Renewal

Did you know that in some states you need to renew your sales tax registration? Some states don’t require renewals—once your business is registered, it’ll stay that way until you close your business. Other states, like Colorado, ask businesses to renew sales tax registrations on a regular basis.

Colorado’s sales tax registrations always expire on odd numbered years, like 2013 for this year. The first time you register for sales tax in Colorado, you might only get a few months before having to renew again. This could be true if you opened your business this month or created a nexus event that requires registration now. Businesses will have to renew their sales tax registration in Colorado by the end of the year to keep operating in the clear come January. Other states, like Pennsylvania, automatically renew sales tax permits every five years and don’t require action on the part of the business.

Keeping up with sales tax is more than just doing sales tax filings on time with a high amount of accuracy in your sales tax calculations. Be sure to make a list of states where you do business and remit sales tax and find out if and when you need to renew sales tax permits and licenses. It’s a good idea to put this information on a group calendar shared with different members of your sales tax department or even people who might not be involved with sales tax but who help manage the business. If you’re the only one in your company who is focused on sales tax, you’ll want to be sure that this information is accessible.

At any point in the future if you were to leave the business or take on a new role where you’re not completely focused on sales tax, renewal obligations could easily be missed. Operating without a sales tax permit can carry hefty fines in some states

Latest Articles

Sales Tax Software

Sales Tax Software

Sales tax calculations and filing can be done by hand. When you make a sale, you figure out whether the goods and services are taxable and whether you have nexus in the buyer's tax jurisdiction. More on that later. Once you've determined that you need...

read more
Customer Service and Your Sales Tax Solution

Customer Service and Your Sales Tax Solution

Sales tax is complicated. We've just gone through the annual flurry of back to school tax holidays, for example. If you're a remote seller of clothing, you probably sell mostly through retail. But you might have some direct to consumer sales. In some...

read more
Sales Tax Holidays for E-commerce

Sales Tax Holidays for E-commerce

A lot of our clients are manufacturers, contractors, or in some other industry that doesn't usually have to think much about sales tax. Retailers know they have to collect sales tax, and usually plan for it. We often hear from people who had no idea...

read more