We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
A Sales Tax Bond is a type of surety bond that serves as a secondary source of financial security that ensures business owners will pay all local, state, and federal government taxes that are due by a specific deadline. This type of surety bond is required by business owners on behalf of local and state governments. Depending on which state(s) your business operates, the requirements for a Sales Tax Bond may vary from state-to-state. When running a business in any state, it is required that all business owners pay sales tax to the local and state governments based on their earnings each period. The Sales Tax Bond is a type of agreement between the business owner and the government showcasing that the owner understands and acknowledges their responsibility to pay all required taxes.
The bond amount will vary based on state regulations. If you are interested in learning your specific state regulations for obtaining a Sales Tax Bond, you can contact one of our team members today by calling (877) 841 6745. Typically, as the business owner you will only pay the premium for the bond, which is a small portion of the total bond amount. With good credit and financial history, you can usually get a bond premium for 1-3%. Bonding Solutions can provide you with fast approval and affordable rates for your Sales Tax Bond. Our online application is simple and quick for your convenience.
The Sales Tax Bond is a requirement by local and state governments to ensure business owners pay all applicable taxes for their business on-time and in full. This bond protects the government from any fraudulent acts on behalf of the business owner. If the business owner fails to pay their taxes on time, a claim can be made against the bond to cover any financial loss the government experienced based on the owner’s failure to pay the appropriate taxes in a timely manner. This bond type is a form of insurance for local and state governments, protecting these municipalities from losing tax money on behalf of a business’s failure to pay.
Obtaining a Sales Tax Bond is simple when you work with Bonding Solutions. If you are ready to apply, you can use our simple online application by pressing the “Apply Now” button below.
If you have more questions, contact our team directly here.
Bonding Solutions is a leading national Surety Agency with the ability to underwrite any bond in any state. With decades of combined experience, we have the knowledge and expertise necessary to get you the bond you need quickly and at an affordable rate. You won’t find a better Surety Bond Agency to help you obtain a Sales Tax Bond specific to the state in which your business operates.
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