Get Broomfield Sales Tax Return P1 - Formsend

Filing the Broomfield Sales Tax Return P1 - FormSend online is an essential task for businesses operating in Broomfield. This guide provides straightforward, step-by-step instructions to help users complete the form accurately and efficiently, ensuring compliance and timely submission.

Follow the steps to successfully fill out the Broomfield Sales Tax Return P1 - FormSend online.

1. Press the ‘Get Form’ button to access the form and open it for online editing.
2. Begin by entering your State Sales Tax number and City License number at the top of the form.
3. Provide details for gross sales and services, rounding to the nearest whole dollar. This includes all taxable and non-taxable sales.
4. If there are any bad debts collected that were previously deducted, enter that amount in section 1a.
5. Calculate the Adjusted Gross Sales & Services by adding line 1 and line 1a.
6. Document any exemptions in line 3, providing details on each specific exemption type listed.
7. Determine the Net Taxable Sales & Services by subtracting the total exemptions from the adjusted gross sales.
8. Calculate the Broomfield City and County Sales Tax by multiplying the net taxable sales by the tax rate of 4.15%.
9. Add the total of excess tax collected, if applicable, to the previous total to get the Sub-Total of Sales Taxes.
10. Find the Vendor Fee by multiplying the Sub-Total of Sales Taxes by 3%, with a maximum fee of $200.
11. Calculate the Net Broomfield City and County Sales Tax by subtracting the vendor fee from the Sub-Total of Sales Taxes.
12. Enter any applicable lodging tax, calculated at 1.6% of line 4.
13. List any other fees or adjustments that may apply in the respective sections.
14. Total all applicable amounts in line 15 to determine the total due and payable.
15. Review all entries for accuracy, and when finished, save your changes, download, print, or share the completed form as necessary.

Start completing your Broomfield Sales Tax Return P1 - FormSend online today to ensure timely submission!