Having just finished filing your income tax last month, yet forgot to include your use tax? If you’re busy, you can avail of small business accounting software that will help you work out your use taxes.
What is Use Tax?
It is a type of excise tax imposed goods or certain services used, consumed, or stored in a particular state where sales tax has not been paid.
Generally, use taxes are the tax that you accrue when you purchase an item without paying your home state's sales tax and you use, give away, store, or consume that item in your home state.