Sunday, December 22, 2013

Combined Excise Tax Return Due to Washington State Department of Revenue January 31

Some PTAs conduct activities with regular hours such as student stores, concession stands at school sporting events, weekly or bi-weekly popcorn sales, or similar business activities.  Under Washington law, such activities when held on a regular ongoing basis (even if the activity occurs as infrequently as once a month) constitute a “regular place of business” and are required to collect sales tax on the same basis as similar sales by a for-profit company.  PTAs that engage in these activities should collect the applicable sales tax (the rate varies from one geographic area to another). The sales tax collected should be held in the PTA account and then paid to the Department of Revenue along with quarterly or annual return.  Click here for more information.