Tax Filing Tips

Sales Tax in Florida

I am an independent author and want to sell my books at a local convention. How do I collect and then submit the sales tax?

Quick Answer:

As a CPA, I advise you to check your state's Department of Revenue website for specific sales tax requirements. Generally, you'll need to obtain a sales tax permit if your sales exceed a certain threshold (this varies by state). At the convention, you'll collect sales tax from customers based on your state's rate (and possibly local rates). Keep detailed records of each sale, including date, amount, tax collected, and customer location (if necessary for determining local tax rates). You'll then file a sales tax return periodically (usually monthly or quarterly – again, check your state's guidelines), remitting the collected tax to the relevant tax authority. Software or accounting services can help manage this process. Failure to comply can result in penalties and interest.

Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.

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