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QuickBooks 2010 Solutions Guide for Business Owners and Accountants by Laura Madeira

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Chapter 12. Reviewing Sales Tax

Your business might sell a product or service for which the states you sell in require you to charge and collect sales tax at the time of sale. If your business does collect sales taxes, you are simply acting as an agent for these states by collecting this fee and later remitting it to the respective state. Each state, county, or city might have its own sales tax rates and lists of products ...

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