Tax Compliance

Tax compliance involves adhering to all federal, state, and local tax laws, including the collection and remittance of sales taxes, payroll taxes, and income taxes. This requires accurate bookkeeping, timely tax filings, and maintaining clear records of all financial transactions. Ensuring tax compliance is crucial for avoiding legal penalties, audits, and maintaining the financial health of the business. Regular consultations with a tax professional can help the spa stay up to date with tax regulations and obligations.