Stay Compliant Without the Guesswork

Sales and use tax reporting services for businesses operating in Midland and across Texas.

Sales tax reporting in Texas requires tracking taxable sales, calculating the correct rates for each jurisdiction, and filing reports on time to avoid penalties. In Midland, businesses that sell physical goods or certain taxable services must collect sales tax and remit it to the state, and use tax applies when you purchase items for business use without paying sales tax at the time of purchase. Missing a filing deadline or miscalculating what is taxable can result in interest charges and penalties that add up quickly.

On Track Bookkeeping LLC prepares accurate sales and use tax reports by reviewing your sales records, identifying taxable transactions, and calculating the amounts due for each reporting period. The service includes filing the reports with the Texas Comptroller and ensuring that your records match what was submitted. This keeps your business compliant with state requirements and reduces the risk of audits or unexpected tax bills.

If you need help managing sales and use tax reporting for your Midland business, contact On Track Bookkeeping LLC to discuss your filing schedule and reporting needs.

How reporting keeps you ahead of deadlines

The process begins with reviewing your sales data to identify which transactions are subject to sales tax and which are exempt. On Track Bookkeeping LLC pulls reports from your accounting system, verifies the amounts, and applies the correct tax rates based on where the sale occurred. In Midland, this includes ensuring that local jurisdiction rates are accounted for in addition to the state rate.

Once the report is prepared, you receive a summary of taxable sales, exemptions, and the total tax due before the filing is submitted. This gives you a chance to review the numbers and understand what drove the tax liability for that period.

The service also includes tracking use tax obligations, which often go unreported because businesses do not realize they owe tax on out-of-state purchases. On Track Bookkeeping LLC reviews your expense records to identify use tax items and includes them in your filings. This does not include legal advice or representation in the event of an audit, but it does ensure your filings are accurate and submitted on time.

Common concerns about sales tax compliance

Most businesses want to know what qualifies as taxable, how often they need to file, and what happens if they have been underreporting or missing filings altogether.

What is the difference between sales tax and use tax?
Sales tax is collected from your customers on taxable sales, while use tax applies when you purchase taxable items for business use and no sales tax was charged. Both must be reported to the Texas Comptroller.
How often do I need to file sales tax reports in Texas?
Filing frequency depends on your sales volume and is assigned by the Texas Comptroller. Most businesses in Midland file monthly, quarterly, or annually based on their taxable sales.
What records do I need to provide for tax reporting?

You need sales reports that show taxable and exempt sales, along with purchase records for any items subject to use tax. On Track Bookkeeping LLC can pull these from your accounting system if it is set up correctly.

What happens if I have been filing incorrectly or missed deadlines?

You may owe penalties and interest on unpaid amounts. On Track Bookkeeping LLC can help you catch up on missed filings and correct errors, but you will need to work with the Comptroller or a tax professional to resolve penalties.

Can you file sales tax reports if I sell online or across multiple states?
This service is designed for Texas-based businesses. If you have sales tax obligations in other states, you will need to arrange separate reporting for those jurisdictions.

Businesses in Midland that have been filing their own sales tax reports often find that working with On Track Bookkeeping LLC removes the confusion and ensures nothing gets missed. If you are ready to hand off your sales and use tax reporting, reach out to get started.