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Exemption certificate management and audits

TaxConnex

Maintaining current, valid exemption certificates is critical in managing your overall sales tax risk. Under audit, an otherwise exempt sale will be deemed taxable without such documentation from a customer – and just a few missing certificates can result in large penalties and interest.

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Managing Exemption Certificates – the importance of validation

TaxConnex

Valid exemption certificates from your customers are critical in managing your overall sales tax risk. Under audit, an otherwise exempt sale will be deemed taxable without such documentation. In this blog we will examine four best practices to manage your exemption certificates so that doesn’t happen.

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Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

 Services Online Audit. According to US Bank, 82% of businesses that fail, are actually profitable but failed to manage their cash flow. Handle payments and manage accounts payable. Prepare the books for tax season. Sometimes it’s best to focus on the things that help grow your business. Strategy First.

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Modernizing tax management in an omnichannel retail landscape

ThomsonReuters

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets.

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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more. Accounting Today.

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Five things we learned from the Xerocon London breakout sessions

Xero

During our session on the macro trends impacting small businesses and accountants, Jo Copestake, UK Sales Director, Xero, Kate Hayward, Director of Operations, Xero, and Scott Johnson, Founder of Kung Fu Accounting , discussed the practical steps accountants can take to help clients be more sustainable. .