Small businesses no longer required to pay monthly estimated sales tax

A major tax reform is on its way beginning Sunday. Gov. Kay Ivey announced more than 3,000 Alabama small businesses will no longer be required to pay monthly estimated sales taxes to the state Department of Revenue. “By freeing small businesses with less than $500,000 in monthly sales from having to pay estimated monthly sales taxes and allowing them to pay the taxes after the point of sale, they will experience greater cash flow and accordingly more flexibility to operate,” Ivey said. RELATED: Ivey: Tax rebates for Christmas; school choice expansion in works According to the Alabama Departmen