Staying in line with sales tax laws is a relentless struggle
Understanding how, when, and where to collect sales tax (and then remit them to the proper entities) is a complex job. It all begins with understanding your “sales nexus,” or where you’re required to track and pay taxes. For wineries and alcohol producers, defining that nexus can be very challenging. Even after you’ve got a grip on that, all you have to look forward to are detailed record keeping and often convoluted payment schedules. The twists and turns of sales tax compliance demand effort and attention to detail. The costs of breaching compliance are too heave to consider paying.
Have confidence that you are always on top of sales taxes
At Protea Financial, we recognize the enormous burden that sales tax compliance places on small – to medium – size wineries. We’re here to bridge the gap, serve as your expert outsourced team, and keep you 100% compliant year-round. Your accountant will help you understand your sales nexus and expectations at every level.
Defining
Obligations
Have absolute knowledge of where you must collect taxes, how much to collect, where to pay them, and when by defining your total sales nexus.
Prepayment
Estimates
Know ahead of time how much sales tax you are obligated to pay, to which entities you must pay, and when you need to pay, meaning you’re never surprised.
Record
Tracking
Keep accurate records with help from our bookkeeping and accounting software, allowing for easy and timely filing of crucial reports and payments.
Reporting &
Payments
Work directly with a Protea Financial accountant and bookkeeping staff to ensure that all federal, state, and local reports are filed and payments made.
I am forever grateful for Zane and his team.
We switched CPAs in 2019 and part of that switch was getting true expertise to streamline our bookkeeping. After talking with Zane, it was an easy decision to go with Protea.
They are very thorough in their attention to detail, a pleasure to work with and have gone above and beyond, even with the “other” tasks that they manage for me. They really are a dream team to work with and have taken so much off of my plate. I am forever grateful for Zane and his team.
Jenny Schultz
Jolie-Laide Winery
