TaxConnex

APRIL 4, 2023

You just got notice of a sales tax audit. Ideally, you’ve done your homework and put in place processes to comply in those jurisdictions where you have nexus for sales tax purposes. Wherever you are in your sales tax compliance, these steps will help your audit process run smoother. And not ideally?

audit 130

audit Sales auditor Tax 130

TaxConnex

NOVEMBER 29, 2022

that the likelihood of your business being audited is low, but that likelihood has been increasing in recent years. more than one in four (26.7%) top finance professionals reported seeing an increase in state sales tax audits in the past two years. Without sales tax nexus, you have no obligation to collect or remit sales tax.).

audit 184

audit auditor general ledger Non-Profits 184

TaxConnex

APRIL 28, 2022

In years past, auditors could show up at your door asking to look at your records. Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed. Many audits are conducted remotely, and an auditor never visits your office.

audit 174

audit auditor general ledger Minnesota 174

ThomsonReuters

MAY 12, 2022

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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audit Sales Tax auditor 105

Withum

JANUARY 24, 2023

Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. Auditors can only work as quickly as the requested information is provided.

audit 69

audit auditor general ledger cpa firm 69

Withum

FEBRUARY 6, 2023

Sales and Use Tax ; noting jurisdictions to which there are filing obligations and keeping up-to-date with tax rate changes to ensure correct calculations and timely, accurate filings. The taxing authority auditor’s request to pull invoices substantially decreased. Lessen the external auditor’s (e.g.,

tax preparation 78

tax preparation business tax Tax general ledger 78

Ryan Lazanis

MAY 24, 2023

Take all of your accounting functions into the cloud, not just your general ledger. What AI has brought to the field is a way to use technology to run through as large of a data set as you want, in great detail, to point out risks that you might not have previously seen through the samples an auditor had selected.

Technology 98

Technology Account accountant accounted 98