March 17, 2011

Presentation Scheduled - How QuickBooks Manages Minnesota Sales Taxes

With the complexity of the Minnesota sales tax system, many business owners feel overwhelmed.  The levels or components of Minnesota sales taxes are numerous.  Below are some of the parts that make up the sales tax:

  • General Rate
  • Stadium tax
  • Transit tax
  • Local Sales tax (imposed by some cities and municipalities)

Liberty Financial Consulting, Inc. has scheduled a presentation on this important topic.  The presentation will highlight the following:

  • Explain the components of the sales tax and when they apply
  • What items are taxable
  • How Quickbooks captures all the taxes due on transactions
The presentation details can be found here.