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7 Ways a Business is Selected for Audit

TaxConnex

sales tax audits ?were sales tax audits to become more common over the next two years. of respondents said they believe audit levels?will already seen an increase in the number of audits in the past two years. ramping up audits remains?anecdotal,?but How does a business get selected for an audit? anecdotal,?but

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Don't Test Your Luck with Non-Compliance

TaxConnex

sales tax audits ?are sales tax audits to increase over the next two years.? already seen an increase in audits over that same time. Even the only two states with a state-wide sales tax that have held out from enacting economic nexus – Florida and Missouri – may be edging toward making sellers collect and remit sales tax.

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Four years since Wayfair: A trend takes hold

TaxConnex

Of all states with a sales tax, only Florida and Missouri remained holdouts when it came to enforcing economic nexus for out-of-state sellers. Companies also wondered if they were collecting and remitting the correct sales tax – and if they were at risk for audit. When would states intensify audits?

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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Professionals on the Move – Nov. 2024

CPA Practice

RJI CPAs Welcomes Max Lewandowski as Audit Partner RJI CPAs recently announced that Max Lewandowski has joined the firm as an Audit Partner, effective October 9, 2024. With over 13 years of experience in the accounting industry, Lewandowski most recently held the role of Audit Director at BDO USA, LLP.

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What's New in State Sales and Use Taxes - Monthly Update

TaxConnex

Missouri has released a private letter ruling determining that a company’s private wireless network was not subject to Missouri sales tax. The company provides wireless services in Missouri, including voice, messaging, internet access and private network services.

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5 reasons you need continuity in a sales tax provider

TaxConnex

Most recently, for instance, the last states with a state-wide sales tax (Florida and Missouri) joined the ranks of those enforcing economic nexus. Audits are a clear danger. If you and your company haven’t been hit with a sales tax audit yet, congrats. Not someone who will ask you to take a number and wait for a response.

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