Taxability Analysis by Category
Product taxability is determined item by item and configured in the point-of-sale system. Misconfiguration produces liabilities that surface years later with interest, so the mapping should be documented and reviewed whenever new SKUs are introduced.
- Category-level taxability determination and documentation
- Point-of-sale tax code configuration and testing
- County discretionary surtax considerations
- Exemption and documentation retention
Use Tax on Purchases
Equipment, supplies and materials purchased without tax charged can create use tax obligations. Cultivation and manufacturing purchases deserve particular attention, including any applicable exemptions for qualifying equipment.
Filing and Records
We manage the filing calendar, prepare returns, reconcile filed amounts to the general ledger and retain the documentation supporting each return.
Frequently Asked Questions
- Is medical marijuana subject to Florida sales tax?
- Medical marijuana dispensed to qualified patients under the state program is generally treated differently from ordinary retail merchandise for sales tax purposes, while accessories and other non-medical items may be taxable. Taxability should be confirmed by category with current Department of Revenue guidance.
- What about local surtaxes?
- Counties may impose a discretionary sales surtax that applies to taxable transactions. Rates vary by county and change periodically, so point-of-sale configuration must be kept current for each location.
- How long should transaction tax records be kept?
- Retain returns, supporting detail and exemption documentation for at least the statutory look-back period applicable to your filings; many operators keep them longer.