Sales & Use Taxes in Denver
Out of all the 50 states, Colorado’s sales taxes are considered the most difficult to file in the entire USA. This is because of what is referred to as “Home Rules”. Many Denver taxpayers need to fill out multiple forms from multiple jurisdictions. For some taxpayers, this needs to be done every month and can take tremendous amounts of time for most companies. Being out of compliance can be very costly in the form of added penalties and interests. Governmental agencies have shut down businesses for not complying with sales tax laws.
Let the Denver tax accountants Bloch, Rothman and Associates relieve you of this burden. You can spend your time doing profitable endeavors instead of the frustrating task of filing sales tax. We can keep you in compliance with the state and local governments and provide peace of mind. We offer a free consultation so contact us for information regarding Sales Tax.
Use tax is similar to sales tax, but is paid by the consumer instead of the retailer. Use tax needs to be paid when the consumer buys a product for consumption and the retailer has not charged them sales tax. An example of this is when purchases are made on the internet and is no sales tax is charged. The buyer becomes responsible for the taxes and needs to fill out a Use Tax Return.
Bloch, Rothman and Associates can help you with use tax and keep you in compliance with the state and local Denver taxing laws. We offer a free consultation so contact us for information regarding Use Tax.