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Tax record guide

Sales tax records for small businesses: what to keep

Sales tax review depends on clean taxable sales, non-taxable sales, collected tax, refunds, and filing-period summaries.

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Answer first

Keep taxable sales, exempt sales, collected tax, refunds, marketplace sales, payment confirmations, and filing-period reports in separate folders for review.

1. Separate sales types

Do not mix taxable and non-taxable sales. Keep marketplace and direct sales separate where possible.

2. Track refunds

Refunds and disputes can change totals. Keep refund dates and receipts near the original transaction.

3. Prepare filing notes

FixGPT can organize records and checklists, but final filing decisions should be handled by a qualified tax professional.

Quick FAQ

What sales tax records should I keep?

Taxable sales, exempt sales, collected tax, refunds, marketplace statements, payment confirmations, and filing-period reports.