Do you know what the sales tax rate is in your jurisdiction? If you are like most businesses, you may not know the exact rate as of July 1st of this year. Or, that it increased twice this year - in April and in July.
Yes, that's right ... the sales tax rate was adjusted twice this year!
In the past, sales tax rates changed once a year, but now the rates are adjusted more frequently.
To stay updated on what the rate is in your jurisdiction, please contact your BPM advisor and keep an eye on the California Board of Equalization website.