Sales and Use Tax Deadline

This is a friendly reminder from the professionals at BW James LLP, that the Sales and Use Tax deadline is October 21, 2013 for everyone filing monthly or quarterly.

State Sales and Use Tax is imposed on all retail sales, leases, and rentals of most goods, as well as taxable services.

Texas cities, counties, transit authorities and special purpose districts have the option of imposing an additional local sales tax for a combined total of state and local taxes of 8 ¼% (.0825).

Due to a change in law effective September 1, 2013, snack foods are exempt from sales tax, unless they are sold through a vending machine or in individual-sized portions.

Be sure to have all Sales and Use Tax return forms filed by Monday, October 21st in order to avoid interest and penalty charges.  Even if you don’t owe any taxes because you have no sales or only nontaxable sales for this quarter you still must file your tax return form by Monday.

For more information contact BW James at 281-420-1040 or visit http://www.bwjames.com