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WWW.SRC.org Newsletter of the Jersey Shore Running Club Vol. XIX Issue 1 January 2010 In This Issue: Club News: President s Message. . . . . . . . . . . . . . .2 The Bottom Line. . . . . . . . . .
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JSRC stands for Jersey Sales and Use Tax Reporting and Compliance. It is a report that businesses in Jersey are required to file to report their sales and use tax information for the month of January.
Any business operating in Jersey that makes sales and is subject to sales and use tax is required to file JSRC for the month of January.
To fill out JSRC for January, businesses need to report their total sales for the month, any tax collected on those sales, and any exemptions or deductions that apply.
The purpose of JSRC for January is to ensure that businesses are accurately reporting and paying their sales and use tax liabilities to the state of Jersey.
Businesses must report their total sales, taxable sales, exempt sales, tax collected, and any deductions or exemptions applied for the month of January on JSRC.
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