Avalara > Blog > Sales and Use Tax > 12 Sales Tax Tips for Small Businesses: #3, Pre-payment - Avalara

12 Sales Tax Tips for Small Businesses: #3, Pre-payment


Find out whether you will be required to make pre-payments in the new year in any jurisdiction

See all 12 for 12 Tips

Money

Check the prepayment requirements in your jurisdictions. A number of jurisdictions require prepayment for larger tax amounts. Some prepayments involve a different filing schedule than regular returns, sometimes more than once a month.

This means that if you find you are required to make prepayments, and you remit sales tax in multiple jurisdictions, you may end up with multiple filing schedules to manage. Adjust your calendar accordingly!

Case study

Businesses who paid in excess of $200,000 of Florida sales and use tax during the previous fiscal year (July 1-June 30) are required to make monthly prepayments.I

 

 

 


Avalara Author
Will Frei
Avalara Author Will Frei
Will Frei directs social media and blogging for @avalara. He is on a mission to help make sales tax less taxing for businesses of all kinds.