South Carolina Sales Tax Guide
A step-by-step guide to understanding South Carolina sales tax rules.
Your small business is growing and you've started to have sales in South Carolina...and you have nexus there (more about that later). It's time you understood how to manage your sales tax responsibility. Our guide to South Carolina sales and use tax will walk you through the basics and help you get registered, set up tax collection, and file your returns on time.
Table of Contents
Understanding where, when, and how to collect South Carolina sales tax is no easy task. Whether you're collecting tax dollars at the point-of-sale or collecting South Carolina internet sales tax, our guide will break down the sales tax compliance process into focused, easy to understand chapters.
Understanding whether you need to collect, file, and remit South Carolina sales tax depends on a concept known as nexus. In this chapter, we'll take a look at situations that may trigger in South Carolina such as storing inventory in the state, hiring state residents, and click-through nexus.
You'll want to get started establishing South Carolina sales tax compliance by understanding how to get your business registered for the necessary sales tax permit. We'll walk you through the process and help you understand when is the best time to get your business registered in South Carolina.
After you've registered your business with the South Carolina Department of Revenue, you're ready to begin collecting sales tax. We'll review topics such as South Carolina sales tax exemptions, sales tax holidays, and determining state and local sales tax rates.
Now that you're business is registered with the South Carolina Department of Revenue and collecting sales tax, you'll need to file tax returns in an ongoing basis. We'll help you gain a deep understand of the process of filing sales tax returns. Topic covered include filing frequencies, filing on behalf of a client, and what happens if you file late.
Every business that registers to collect South Carolina sales tax will be assigned a filing frequency. In this chapter, we'll take a look at the filing frequencies and associated due dates supported by the South Carolina Department of Revenue.
We know, mistakes happen and, from time to time, sales tax filing deadlines are missed. In this chapter, we'll take a look at what penalties you may be required to pay should you miss your assigned South Carolina sales tax filing date. We'll also consider interest charges for late sales tax payments.
The rise of the internet economy has made it possible for buyers around the world to order your products. Did you know shipping and handling may be taxable? In this chapter we'll cover sales tax on shipping and handling in South Carolina. You'll want to pay attention here because there are some important details pertaining to invoicing you'll want to understand.