Sales and Local Tax Rates
Sales tax in the United States is imposed at the state and local level, not by the federal government. Each state sets its own rules for sales and use tax, including what is taxable,...
Tagged: california sales tax
California Sales Tax Audit Procedure
GENERAL 0416.05 Some retailers, when accounting for total sales, record only the sales price of the merchandise in the sales account and credit sales tax reimbursement to a reserve account. This procedure contemplates a...