TaxConnex

APRIL 28, 2022

In years past, auditors could show up at your door asking to look at your records. Many audits are conducted remotely, and an auditor never visits your office. Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. And of course, save paper.

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audit auditor general ledger Minnesota 174

ThomsonReuters

MARCH 20, 2024

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sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets. These multiple systems—for procurement, inventory, point-of-sale (POS), separate channels, etc.—do

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Retail Tax Technology auditor 52

ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? Sales tax audits are laborious, complex, data-intensive events that almost all companies must endure at some point. Why is it important to be proactive toward sales tax audits?

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audit Sales Tax auditor 52

ThomsonReuters

MARCH 19, 2024

What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. There are generally two issues that drive a sales tax audit assessment , ” Bobby says. How should you prepare for an audit defense?

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audit Sales Tax auditor 52