Gross Receipts Tax
Several States, Ohio being the most prevalent have instituted gross receipts taxes (called the Commercial Activity Tax – CAT for short) as opposed to other revenue centers like property taxes or corporate income taxes. If a business has over $150,000 of sales into Ohio, you are required to register and calculate and pay the tax either quarterly or annually, depending on your sales volume. There are exemptions that come into play that can reduce the amount due, but specific deadlines have to be followed to get the entire exemption. This also has to be filed online.