CALIFORNIA WILL ALLOW DEALERS TO DEFER THEIR SALES TAX
As you know, DealerXT is always looking for opportunities to benefit our dealers. Despite challenges posed by COVID-19, Sales Tax presents an excellent opportunity for our dealers during these temporarily difficult times.
There are two major benefits to the deferral:
• First Quarter filings and tax payments will be automatically extended to July 31, 2020
• Dealers can request up to $50,000 to be deferred for up to 12 months, interest-free!
This is essentially an additional $50k interest-free loan from the state government.
Feel free to reach out if you have any questions regarding the sales tax referral.
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