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After firing my CPA, I needed my monthly sales and use taxes prepared. I contacted another industry professional for a referral. During our conversation, she stated hers are filed and paid every quarter.

The process of paying taxes need to be addressed after you have registered with your city or state to sell gift baskets. Electing to pay taxes monthly or quarterly are options offered by local government agencies.

Consult a competent CPA or visit your State Department of Revenue's website for instructions on Sales and Use Tax preparation. Filing and paying taxes on time will prevent unwanted penalties later.

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Labels: advice, consultant, expert, gift baskets, gift industry, gifts, news, reviews, sales