The difference between taxable sales and taxable purchases comes down to who pays appropriate sales tax for the purchase of goods and services. Under normal circumstances, a business attaches sales ...

Sales tax you pay for inventory used in manufacturing your goods is a cost of goods sold. The inventory you purchase is also a cost of goods sold; however, the sales tax expense for the inventory is ...

Sales Tax on University Purchases. Purchases by Purdue University may be made in Indiana without payment of otherwise applicable Indiana State Gross Retail Sales Tax, where the purchased good or ...

It can be hard for Ohio businesses to understand their sales tax obligations because of a lack of clarity as to what’s taxable and what’s exempt. That uncertainty can mean paying much more than needed ...

The retail sales tax is a prominent feature of the state and local tax landscape. Forty-five states and the District of Columbia have broad sales taxes, with only Alaska, Delaware, Montana, New ...