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How to fill out the Broomfield Sales Tax Return P1 - FormSend online
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.
- Press the ‘Get Form’ button to access the form and open it for online editing.
- Begin by entering your State Sales Tax number and City License number at the top of the form.
- Provide details for gross sales and services, rounding to the nearest whole dollar. This includes all taxable and non-taxable sales.
- If there are any bad debts collected that were previously deducted, enter that amount in section 1a.
- Calculate the Adjusted Gross Sales & Services by adding line 1 and line 1a.
- Document any exemptions in line 3, providing details on each specific exemption type listed.
- Determine the Net Taxable Sales & Services by subtracting the total exemptions from the adjusted gross sales.
- Calculate the Broomfield City and County Sales Tax by multiplying the net taxable sales by the tax rate of 4.15%.
- Add the total of excess tax collected, if applicable, to the previous total to get the Sub-Total of Sales Taxes.
- Find the Vendor Fee by multiplying the Sub-Total of Sales Taxes by 3%, with a maximum fee of $200.
- Calculate the Net Broomfield City and County Sales Tax by subtracting the vendor fee from the Sub-Total of Sales Taxes.
- Enter any applicable lodging tax, calculated at 1.6% of line 4.
- List any other fees or adjustments that may apply in the respective sections.
- Total all applicable amounts in line 15 to determine the total due and payable.
- 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!
A sales tax of 0.2% applies in the Flatirons Crossing Mall area and the Arista Local Improvement District. Both are collected by Broomfield. A sales tax of 0.5% in Eagle County and . 75% in Summit County.