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Colorado & National Sales Tax Accounting


Sales tax is the last thing you should have to worry when running a business. Let our sales tax accounting specialists handle your sales tax filings on your behalf and you will be liberated to focus on making money rather than paying sales tax. Colorado is an especially challenging state in terms of business sales tax as a result of the “home rule” cities laws as we discuss below. Our sales tax accountants embrace this unique challenge along with others that arise when calculating sales tax on behalf of local Colorado business owners.


The Basics of Sales Tax Accounting


There are substantive differences between sales tax accounting and regular business accounting. Even if you have an in-house accountant or other number-cruncher on staff, you will still need a sales tax accountant to guarantee you are paying sales tax in full accordance with Colorado and other state laws. Let our sales tax accountants handle your business’s sales tax calculations to minimize your exposure to errors and omissions resulting in penalties and interest and you will enjoy an invaluable peace of mind.


Our sales tax accountants are professionals who analyze business sale records, tax accounting policies (or lack thereof), sales and sales tax reconciliations and plenty more.


We keep our finger on the pulse of the industry to ensure every single client is satisfying its respective sales tax requirements on time and in full.


We Have Colorado’s Unique Sales Taxes Down to a Science


If you recently launched a small business or don’t know much about Colorado sales tax, you might not be aware of the state’s egregiously complex sales tax regulations. Colorado sales tax regulations are some of the most complicated in the entire country as a result of home rule cities. While some other tax experts shy away from this complex area of taxation, we are revered as experts.


The term "home rule" refers to locales with the authority to create and enforce their own unique sales tax rules and rates. Aside from Colorado, only five other states permit such home rule cities. The nuances of home rule differ by state, city and jurisdiction, meaning this is not the type of tax obligation you can handle on your own.


Instead of risking a potentially costly mistake with DIY (do it yourself) sales tax accounting, lean on the proven professionals to guarantee you are paying exactly what is owed and when.


Recognize the Inherent Complexity of Sales Taxes


Business owners are revered for their self-reliance, work ethic and overarching vision. Even if you take great pride in your “bootstraps mentality”, it is a mistake to attempt to calculate and process sales taxes on your own. Sales taxes are exponentially more complicated than income taxes. The little-known truth is plenty of in-house accountants, including some of those with MBA degrees, do not understand the intricacies of Colorado sales taxes.


Our sales tax experts make a concerted effort to stay up-to-date on sales tax changes on the state and federal levels. This is the knowledge, experience and advanced intellect your business needs to file taxes in full accordance with the law. The alternative is to roll the dice on an accountant without in-depth sales tax experience. Such a reliance has the potential to lead to an audit and punitive fines for underpaying sales tax. Other general accountants make the mistake of overpaying business sales taxes.


Choose our Colorado sales tax specialists for your sales tax needs and you will be able to file your taxes in full confidence, knowing you are paying your fair share as dictated by state and federal law.


The Experienced Sales Tax Providers are a Call Away


The last thing your business needs is a frustrating and time-consuming audit spurred by an underpayment of sales tax. Put your faith in our sales tax accountants for accurate, timely and legally-compliant sales tax calculations. We have more than two decades of experience in this industry.


Bookkeeping & CFO Solutions 5280 is your go-to source for all things accounting and tax-related. If you own or manage a business of any type in the greater Denver area, you will greatly benefit from our sales tax accountants’ expertise, knowledge and service.


Reach out to us today at (720) 608-6240 to find out more about our sales tax accountants. If you prefer to contact us by email, send a message to cmarley.bookkeepingsolutions@gmail.com.



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