Every business in Missouri is required to collect sales tax on most goods or services sold in the state. Confusion about the complex laws governing sales tax returns can cause many business owners to miss important deadlines and incur hefty penalties that could have been avoided. Below are a few answers to some common questions you might have about sales tax in Missouri.

Answers to Common Questions About Missouri Sales Tax

What is the tax rate?

The state tax rate for Missouri is 4.225%. However, individual counties, municipalities, and special districts can levy their own sales taxes. The state government offers a user-friendly tool for determining the total sales tax in your area.

When is the deadline for filing?

If you’re registered to file sales tax returns monthly, your returns are due on the 20th of the following month. Quarterly returns should be filed no later than the last day of the month following the end of the quarter. For example, Q1 returns should be submitted by April 30th. Sellers filing on an annual basis should have their returns in by January 31st.

Do I need to submit sales tax returns if I had no in-state sales?

Missouri requires every business with a sales tax certificate to submit returns, whether or not they made any taxable sales. Failing to submit a return can result in late fees and other expensive penalties.

Where do I submit my sales tax returns?

Most filers in Missouri are required to use the state’s e-filing system, which includes digital copies of all the forms you need. Businesses filing annual returns may send paper copies to the Department of Revenue or submit their returns online.

Calculating and preparing sales tax returns can be confusing and time-consuming. With over 25 years’ experience and a reputation throughout St. Louis and St. Charles counties for providing exceptional service, Grayson Accounting can handle the details for you so you can focus on your business. Visit their website or call (636) 233-7875 to schedule your free consultation, and follow their Facebook for more financial advice today.