Every business selling into Colorado is impacted by the statewide Sales and Use Tax System (SUTS). Learn how best to proceed with SUTS and avoid the landmines of registering late.
Although using SUTS is voluntary for business taxpayers today, the state of Colorado encourages all retailers to file sales tax returns for the state, state-administered local jurisdictions, and participating home-rule cities using SUTS. But be aware: registering without remediating existing exposure can be costly.
- Benefits and limitations of SUTS
- Vetting the issues that matter
- Action plan, accessing SUTS, and activating Accounts
- Key takeaways to reduce risk