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redcolumbine
‎01-17-2018 03:12 PM

If filing/paying sales tax is my responsibility, what happens to the tax withheld by SquareUp?

I file and pay state sales tax on my total sales (both SquareUp and cash) every quarter.  But SquareUp withholds sales tax on everything sold via SquareUp.  Am I being taxed twice on my SquareUp transactions?  Where does the state sales tax withheld by SquareUp go, if I have to pay it myself again anyway?

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RHatch
‎01-17-2018 05:56 PM

Best Answer

Square doesn't collect/hold sales tax.  The only thing Square takes from the sale is the fees for credit card processing.

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RHatch
‎01-17-2018 05:56 PM

Best Answer

Square doesn't collect/hold sales tax.  The only thing Square takes from the sale is the fees for credit card processing.

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Blkboy357
‎02-09-2022 08:49 AM

Definitely following. Need to file my business taxes. Is it difficult?

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