TicketsCandy Tax Reporting #
TicketsCandy enables event organizers to configure tax settings based on their specific requirements. This means you, as an organizer, can set up tax rates that will be applied to ticket sales, and these taxes are collected during the transaction process. However, it is the responsibility of the organizer to remit any collected taxes to the appropriate tax authorities.
Our online ticketing system is integrated with Square, our exclusive merchant provider, which handles all financial transactions. For tax purposes, it’s important that you refer to the financial reports available in your Square account. These reports are crucial for accurately filing your taxes, as they detail your total sales, fees, refunds, and net revenue.
Additionally, Square may provide specific tax documents like the 1099-K form, depending on your sales volume and the state requirements. This form reports the total amount of payments processed and is essential for your tax filings.
For a comprehensive overview of tax reporting and the 1099-K form, including details on requirements and how to access these documents, please visit Square’s informational page: 1099-K Overview.
Please note that tax obligations can vary by state, so it’s advisable to consult with a tax professional or refer to your state’s tax authority for specific filing requirements related to your online sales.
