In this article, we will speak to how sales tax is remitted if you are selling retail.
Please see below for all you need to know about sales tax if you are under Moxie Medical PC/PLLC.
- Do I need to open a sales tax account?
Good news, you do not have to open an account! Since you are part of Moxie Medical PC/PLLC, we will take care of the account and send payment to the state on your behalf at the appropriate time dictated by your state's tax rules. Each state varies in terms of when you can pay so we will choose to pay annually this year. - How much will I owe and how can I track this?
Expect to have to pay a very small amount. Remember, it's only the sales tax that is charged when you sell a retail product. To understand your tax rate, click here and input your zip code. This is the rate Moxie will use to calculate the correct amount owed. Even better, we will have a report available within your Moxie Suite account to track how much sales tax you've accumulated so it's something you can plan for. This report is coming late 2023. - Will Moxie input the sales tax rate or do I have to update it in Moxie Suite?
We ask that you please do this upon setting up Moxie Suite. Look up sales tax rate specific to your location: https://www.taxjar.com/sales-tax-calculator. Apply the rates in Moxie Suite to the services and/or products
**Sales tax IDs for each state Moxie PC operates in are coming soon.
Please note we will send you a bill for the annual/quarterly payment. Again, this will be for the total sales tax due from this year's sales of your retail products. If you have any additional questions, please contact your PSM. All in all we don't want this to be anything stressful and are happy to help manage this process for you.
*If you are not a part of Moxie Medical PC/PLLC or you have a Non-MSO setup, please speak with your Medical Director about sales tax. Payments have to be remitted by the PC. You will still use the same reporting as listed above and have sales tax % auto-calculated for your retail products but payment of sales tax will be based on how your Medical Director chooses to manage this.