Colorado Sales and Use Tax System (SUTS) Explained for Online Sellers

  Рет қаралды 860

LedgerGurus

LedgerGurus

Күн бұрын

What is the deal with Colorado's Sales and Use Tax System?
Colorado has incredibly complicated sales tax laws, in large part because of 72 home rule cities that can make their own rules about sales tax.
In this video, we explain:
👉 The difference between state-collected and self-collected sales tax in Colorado
👉 The differences between cities that are a part of the SUTS system and the cities that aren't.
👉 The different ways sales tax needs to be remitted to the state.
👉 PLUS, what this looks like with a real-world example
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🔥 If you need help with the chaos of Colorado sales tax or sales tax in any other state, let us know. We are experts in US sales tax here at LedgerGurus. ledgergurus.co...
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Пікірлер: 5
@LedgerGurus
@LedgerGurus 9 ай бұрын
If you're ready to throw in the towel and just outsource this mess to the experts, let us know. We have a whole team here at LedgerGurus that specializes in US sales tax, and can easily handle your CO filings for you. ledgergurus.com/ecommerce-accounting-services/sales-tax/
@christinacallaway5319
@christinacallaway5319 6 ай бұрын
This was helpful! In the Sam's Igloo example, are you saying that you do the Colorado State Tax filing outside of SUTS? As a new SUTS user this is what confuses me the most. When I create the spreadsheet in SUTS, it automatically generates some lines as STATE. So it seems as if I am paying STATE/LOCAL taxes for those jurisdictions. That is what I am still not completely clear on.
@LedgerGurus
@LedgerGurus 6 ай бұрын
You can file the state portion through the SUTS portal OR the state site. It's up to you. It's probably easier to do it through the SUTS portal, though, so you're filing the majority of it there and not having to go through two different portals. We were just trying to make people aware that both parts of the return are necessary and that going through just the state portal won't cut it with the SUTS cities.
@plmfb
@plmfb 8 ай бұрын
Yikes! New to e-commerce and using POD (in CO currently.) It all feels rather overwhelming!
@LedgerGurus
@LedgerGurus 8 ай бұрын
Yes, it certainly can. Good luck. We've got lots of resources to help. :)
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