Top CPA Pauline Ho, head accountant at Laus Consulting Services LLC in Orlando, FL, outlines potential missteps in handing over hard-earned cash to the state in your e-commerce sales tax returns. For more information please visit https://lausconsult.com

Orlando, FL, United States - March 29, 2021 /MM-REB/ —

If you want to avoid potential missteps in handing over hard-earned cash to the state in your e-commerce sales tax returns, then top CPA Pauline Ho, head accountant at Laus Consulting Services LLC in Orlando, FL, has some advice.

For more information please visit https://lausconsult.com

Ho has the know-how and experience to advise clients on avoiding the potential pitfalls.

Not filing a return at all, or filing late, can in themselves bring greater pressure further down the line in potential penalties and late fees.

“You could incur a greater financial loss simply by burying your head in the sand and not filing. So it’s best to stay current and up to date,” she said. Even if you don’t owe any sales tax but file late, you could see your sales tax permit revoked and face criminal charges in more serious cases.

Ho commented that a person could well face added sales tax return nightmares if they utilize multiple income streams. Often states want your sales tax broken down by county, city or tax district setting.

“If you fall into this category, then a licensed accountant could be for you. They can guide you through the issues and show you the correct sales tax to file.”

Another minefield to negotiate could be the different tax periods applied by individual states, she revealed. “They can leave someone completely confused and lead them to file the wrong sales details,” Ho said. “If you have to file sales tax for multiple states, you will come up against states that want annual filing, others who want monthly or quarterly returns.

“It can be easy to run into problems because of each states’ definition of a taxable period. So you need to be alert to filing the right amount at the right time for the correct taxable period.”

Other common pitfalls are rejected sales returns because of missed information and basic maths errors. “Rather than feeling defeated, overwhelmed or spending too much time on tax filings, an experienced professional accountant could be your best answer to ensure returns are handled efficiently and without mistakes,” Ho said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com

Source: MM-REB

Release ID: 89002117