00:01
Okay, so i see that you need help with this question and it says in quickbooks online, what four pieces of information do you need to set up sales tax to set up sales tax for a client who only does business in their home state? so only does business in home state.
00:34
So the options are whether to travel to other whether they travel to other countries the company address how often they file their tax return the current sales tax rate when the they started collecting sales tax for the agency whether they have any criminal convictions and when their last tax period started.
01:04
Since the client only does business in their home state, the company's address within the state is crucial.
01:14
So address, so that one you have correct.
01:19
This is because the sales tax rates and regulations can vary significantly from one jurisdiction to the other.
01:27
Determine the filing frequency.
01:29
So knowing how often the client has to file a tax return is essential for setting up the sales tax within quickbooks online.
01:42
This information helps scheduling reminders for payment tax payments and filings.
01:47
So filing frequency.
01:56
Find out the current sales tax rate...