Why do we need to collect Sales Tax? Where does the money go? In this module, you will be able to understand Sales and Use Tax, Sales Tax compliance, and the special rules in collecting Sales Tax. You will also learn the terminology of Sales Tax such as Nexus and Tangible Personal Property. You will learn how bookkeepers calculate and report Sales Tax.
This presentation will go over the key knowledge of the State of California requirements in the sales tax process. Check with your state jurisdictions for necessary regulations and requirements in your state.