Dallas Sales Tax Lawyers
Texas imposes a 6.25% state sales tax on the sale or rental of many goods and services. Cities and other local jurisdictions may add up to 2% in local sales taxes. If a sales tax was not paid for the consumption, use, or storage of goods, the state may collect a use tax at the same rate as the sales tax.
Common Sales Tax Compliance Issues for Businesses
Businesses may encounter problems with sales and use tax in several ways:
- Collecting sales tax from customers but using it for other business expenses instead of remitting it to the government.
- Not collecting sales tax when required.
- Failing to maintain proper records of taxable transactions.
Penalties for Sales and Use Tax Violations
These issues can cause serious problems for your business operations and your personal liability. Sales taxes collected by business owners are considered funds held in trust for the state government. If you collect but fail to pay the sales and use tax to the government, you can be held personally liable for the full amount. Sales tax problems often show up during state or IRS audits of a business—just like failures to pay employment taxes. [Link “employment taxes” to Payroll Tax page].
Schedule a Consultation with a Dallas Sales Tax Attorney
If your business is under audit or facing a sales and use tax dispute, contact our law firm today to find out more about how we can help you. Call 214-599-0431 or contact us online to schedule a consultation.
