Utah Tax Provision Saves Businesses Big Bucks
Utah law allows businesses to deduct the cost of a facility before determining sales tax on revenue.
Utah law allows businesses to deduct the cost of a facility before determining sales tax on revenue.
Most retail businesses that are subject to sales tax have an expense for the facility in which the business is conducted. While Utah tax law requires the imposition of sales tax on most products sold, it exempts sales tax on the facility expense if the business can separate the revenue received for the product from what it pays for the facility from which the product is sold.
exempt sales
Copyright © 2024 exempt sales - All Rights Reserved.
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.