LAKEWOOD, Tuesday March 26, 2024 - Business owners looking to level-up their sales tax knowledge have reason to rejoice.
In an effort to educate business owners, the Business Support division of the Colorado Office of Economic Development and International Trade (OEDIT) and the Colorado Department of Revenue (DOR) released a free, 16-part Sales Tax Fundamentals online educational course on Tuesday.
The Sales Tax Fundamentals course is self-paced, lasts about an hour and covers key information, such as business owners’ general tax responsibilities and provides an overview of how to stay voluntarily tax compliant. The course is also available in Spanish.
“Colorado is home to more than 684,000 small businesses that help drive our state’s economy and employ 1.2 million people. We are committed to providing resources like the Fundamental Sales Tax course that save these small business owners money and help them build a strong business foundation so they can grow their revenues and their impact,” said Eve Lieberman, OEDIT executive director.
Department of Revenue, Taxation Division Director Brendon Reese agreed and touted the course’s content.
“This is a great tool that will help small business owners build their understanding of sales tax,” Reese said. “It breaks down the basics simply and in a way that business owners who have little sales tax experience can better understand Colorado’s taxing requirements.”
The course is part of OEDIT’s To Establish Learning Track which helps Colorado business owners learn how to establish a business legally in Colorado; develop and manage a business accounting system; develop basic digital marketing strategies as well as an online store; and more.
To access the Sales Tax Fundamentals course, please visit ColoradoBusinessLearning.thinkific.com/pages/the-nest for the English course and EducacionNegociosColorado.thinkific.com for the Spanish course.
For more information on the ways OEDIT helps Colorado businesses succeed, explore business training resources at The Nest. For information about state taxes, visit Tax.Colorado.gov.
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