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Tracking Sales Tax for Your Small Businesses or Freelance Business

Sales tax report.

If you’re a freelancer or run a small business, you need a reliable method of tracking sales tax you charge to customers and pay to vendors (if taxes you pay are recoverable in your jurisdiction). Accuracy is important because you’ll have to remit taxes to tax authorities. Using spreadsheets is one way of tracking sales tax, but that can be a headache. As we’ve mentioned before in many posts, spreadsheets are inefficient and they are often not connected to a full-fledged small business accounting system. While you can use spreadsheets, because taxes are charged when you create invoices and pay bills, wouldn’t it be nice to not have to worry about transferring the taxes charged to a tax tracking spreadsheet? Doing so would save a lot of time. Read more