State Tax Returns can be audited and may need to be amended as a result of the audit findings. Our nationwide firm specialized in preparing Amended State B&O Sales Tax Return Services across states. Clients that use a cash accounting method for their QBO account must have current Tax Agencies and Tax Rates setup in their Manual Sales Tax Center. State tax rates are subject to change on a quarterly basis. Clients that use the accrual accounting method for their QBO account can use the Automated Sales Tax Center. If you use the Automated Tax Center and create your Customer Invoices and Sales Receipts in QBO, your accountant can rely upon your tax liability reports in QBO to review and amend your State B&O Sales Tax Return. If your customer sales are recorded outside of QBO, your accountant will require this data to review and amend your State Tax Return. You will need to upload a copy of your filed return with supporting documentation into a folder within your secure document upload portal.
Your Accountant Needs Authorization and Tax Account Access
For this service, you will need to sign a tax authorization form and provide your accountant with access to your online tax account. Your accountant will send you a notification requesting the authorization form and account access that will show up on your client dashboard. Your accountant will upload the authorization form into the From My Accountant folder located within your document upload portal. You may also receive an invitation to connect your e-commerce store to our external tax calculation tool. If your e-commerce store does not connect with this tool, you can provide your Accountant with an Excel report that includes your sales and tax data. The Excel report can be uploaded into a folder within your secure document upload portal. This step is not necessary if the sales and tax data is already in your QBO account.
Your Accountant can Review, Amend, File & Pay Your Tax Return
Your accountant will send a notification requesting tax information that will show up on your client dashboard. Whether you have an e-commerce store that is connected to our sales tax tool, you provide an Excel report to your accountant that includes the sales and tax data, or the data is already in your QBO account, your accountant will review and amend your previously filed State B&O Sales Tax Return with the record of your sales and tax transactions and make sure that the amended tax return matches your QBO accounting records. With this service, your accountant will work with you to notate the reason your prior tax return is being amended in accordance with the rules of the State. Your accountant will file and pay any balance due for your return with your payment account on file. Some amendments result in credits or refunds and some result in balances due. Your accountant will upload copies of amended tax returns together with any payment receipt for a balance due, or credit balance confirmation for tax over-payments into the From My Accountant folder located within your document upload portal. Some amendments result in credits or refunds and some result in balances due with penalties and interest.
Accounting and Bookkeeping Support by a QuickBooks ProAdvisor Program Member
I founded Lend A Hand Accounting because I believe accounting and bookkeeping services should be affordable, efficient, and flexible. We use flat fee pricing, which makes our accounting services a comfortable fit for any budget. At Lend A Hand Accounting, we’ve found a formula that really works! You select the accounting services you need, and control when you want to start or stop services. It is all in your hands! We’ve cut out the need for endless phone calls and long trips to the accountant’s office.
Feel free to call or text me now at 360-637-4799. We can also get started right away. Go ahead and create a free account and we can automatically look at your books and let you know where you stand.
We really appreciate your business and look forward to serving all of your accounting and bookkeeping needs. Thanks again!
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.