- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
No, sales tax is neither income nor expense to your business. Since it is a pass-through that you are collecting on behalf of the state government (not the IRS) it is recorded as a liability owed when you collect it and the liability is relieved when you pay it.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 20, 2023
8:35 AM