Question

In QuickBooks Online, what 4 data points do you need to set up sales tax for a client who only does business in their home state?

Answer 1

Explanation:

The four data points that are needed to set up sales tax for a client are;

Official address or company address

Criminal record history

History of tax payments and their frequency of filing tax return

When their last sales tax period started

For how long they have been paying taxes

Do they travel to other countries other than home state and carry out business transactions there

Answer 2

Answer:

a. Their company address

b. When their last tax period started

c. How often they have to file a tax return

d. When they started collecting sales tax for the agency

Explanation:

Whether they have any criminal convictions or not is not a field required to set up sales tax in quickbooks online.

Whether they travel to other countries is not a required field for Sales tax purpose. Sales tax will be calculated irrespective of this fact.