If you sell products instead of services you are probably required to charge and collect Sales Tax for your State, County and possibly Locality. You will also be required to obtain a Sales Tax License with your State and County. In some cases there are different rates for different types of products and all amounts need to be identified on the reports. Sometimes this can get complicated, but if set up correctly to your Inventory Products and/or your Accounts Receivable Customers you should be able to print out a report quarterly that will help you easily complete the forms. Property Tax is often charged on Business Assets based on their Depreciation. This report generally is filed annually and has a fee associated with it.