Honestly this is nothing "new" in Colorado, it's just that they have passed tougher regulations to target internet sales. You were always supposed to self report out of state purchases on your income tax returns and the sales tax would be added to your income tax liability effectively reducing your return or increasing what you owed.
Our business also requires us to travel to multiple municipalities to perform service repairs and installs. I've been doing the sales tax filings for us for nearly 20 years now and we've been filing sales tax returns in 6 different municipalities that entire time in addition to the state. As a business that follows the rules it frankly pisses me off when other companies don't and gain a competitive advantage because of it.
Realistically it takes me all of about 30 minutes to file the monthly sales tax returns, especially now that all of them have gone to online filing. In some respects it makes me a little skeptical of what RockAuto says about the burden of filing for multiple government entities. On the other hand if more and more states start to do the same thing it would become quite the colossal feat. But if 1 guy can file returns for 6 locations in 30 minutes, what could a person do if it was their only task for 40 hours a week. There's this cool new technology called computers and they have this neat stuff called accounting software that figures all the math out for you.
I know there is a lot of discussion in Colorado about how they can streamline the sales tax filing process for businesses that have to file in multiple jurisdictions, particularly for those out of state companies. I don't know if a system can ever be created though because there are so many parties involved. The hope is that a company like RockAuto could file everything through 1 portal and it would be disbursed from there to the individual municipalities.
Our business also requires us to travel to multiple municipalities to perform service repairs and installs. I've been doing the sales tax filings for us for nearly 20 years now and we've been filing sales tax returns in 6 different municipalities that entire time in addition to the state. As a business that follows the rules it frankly pisses me off when other companies don't and gain a competitive advantage because of it.
Realistically it takes me all of about 30 minutes to file the monthly sales tax returns, especially now that all of them have gone to online filing. In some respects it makes me a little skeptical of what RockAuto says about the burden of filing for multiple government entities. On the other hand if more and more states start to do the same thing it would become quite the colossal feat. But if 1 guy can file returns for 6 locations in 30 minutes, what could a person do if it was their only task for 40 hours a week. There's this cool new technology called computers and they have this neat stuff called accounting software that figures all the math out for you.
I know there is a lot of discussion in Colorado about how they can streamline the sales tax filing process for businesses that have to file in multiple jurisdictions, particularly for those out of state companies. I don't know if a system can ever be created though because there are so many parties involved. The hope is that a company like RockAuto could file everything through 1 portal and it would be disbursed from there to the individual municipalities.