The Wayfair decision by the U.S. Supreme Court in June 2018 gave the state of South Dakota the right to collect sales tax from businesses even if they have no physical presence within the state. This decision has implications for any business that sells across state lines, and many states have already begun implementing new sales tax requirements similar to South Dakota.
If your business sells across state lines, discussing your sales tax responsibilities with your CPA is essential. In addition, it’s vital to fully understand your obligations now and be aware of any changes in sales tax regulations that may be implemented in the future.
At ZümiFi, we understand that bookkeeping is the bread and butter of any business. We provide bookkeeping services that optimize opportunities to automate data entry and connect various online tools that can synchronize seamlessly with QuickBooks Online. Our experienced team will understand your needs and provide custom-designed recommendations that move things forward to deliver great books.
We provide ongoing bookkeeping services that manage your financial activity with a complete turnkey approach. We deliver solid books that provide key information in real-time, accessible anywhere, anytime, on any device.
Our custom combination of online, cloud-based tools, including QuickBooks Online, Bill.com, Box.com, and others, truly leverage technology to automate your system, eliminate data entry, and simplify and facilitate your bookkeeping. In addition, we ensure accuracy and completeness so that every dollar counts.
Our bookkeeping services cover accounts payable and accounts receivable services, payroll services, reconciliations, and reporting. We record, track, and pay vendor bills, record customer invoices and payments, process payroll, reconcile bank and credit card transactions, and generate financial reports based on the collected data.
In conclusion, if your business sells across state lines, understand your sales tax obligations and consider using ZümiFi’s bookkeeping services to ensure accuracy and completeness in managing your financial activity. Contact us today for more information on how we can help you optimize your bookkeeping in the cloud.
Contact us today or call 415.550.3070 to learn more about our experience, expertise, and how you can benefit from customized bookkeeping services to meet your business needs.