Filing the sales and use tax return When you register, the Department of Revenue assigns you a filing frequency based on how much tax you are expected to owe. Typical filing frequencies:
Annual – if tax averages less than $100 per month. Quarterly – if tax averages less than $500 per month. Monthly – if tax averages $500 or more per month.
Seasonal – for businesses open only part of the year (file only for periods you are open). One‑time – for one‑time events; do not use if you plan to make taxable sales again. You can request a change in filing frequency if your tax level changes, usually through e‑Services or by contacting the Department of Revenue. Return due dates: Monthly filers – 20th day of the following month. Quarterly filers – April 20, July 20, October 20, and January 20. Annual filers – February 5 of the following year (calendar‑year basis only). Unregistered individuals (Form UT1) – April 15 of the following year. If the due date falls on a weekend or legal holiday, the return is due the next business day. Payments must be received electronically or postmarked by the due date. Mandatory electronic payment If your sales and use tax liability is $10,000 or more during the state’s fiscal year (July 1–June 30), you must pay all Minnesota business taxes electronically starting the next calendar year. Once you are required to pay any Minnesota business tax electronically, you must pay all business taxes electronically (this is sometimes referred to as the “associated payers” rule).
FICA TAX (SOCIAL SECURITY AND MEDICARE)
The Social Security and Medicare benefit programs are funded by payroll taxes under the Federal Insurance Contributions Act (FICA) and by the self‑employment tax for self‑employed individuals. FICA taxes apply to both the employer and the employee: • The employer pays an employer share of FICA tax. • The employer also withholds the employee’s share of FICA tax from each paycheck, similar to how income tax is withheld.
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