Taxable Purchases and Employees

by | Apr 3, 2023 | General Business, Stephanie's Wisdom | 0 comments

There are differing sales and use tax ramifications when dealing with taxable items given to employees versus items that are sold to employees. The difference is who pays the sales or use tax.  I talk about it in more detail in the video.

Key Takeaways:

  • There are multiple factors that determine who is responsible for paying sales tax on items for employees.
  • Whether the employer or the employee pays sales or use tax on otherwise taxable items depends on who is the actual purchaser of the taxable goods.
  • Review the applicable sales and use tax rules relating to taxable purchases in the jurisdiction where you do business. 

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