TaxConnex

JUNE 28, 2022

One of the downsides, is that if you are selling to small businesses, small businesses are less likely to have accrued and paid use tax or to have been audited. XYZ letters are a great tool to help minimize sales tax exposure.

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TaxConnex

SEPTEMBER 2, 2021

Managing a sales and use tax audit can be challenging. First, you should always anticipate an audit – even if you’ve never been audited before. While they are definitely becoming more frequent as states try to crack down on economic nexus laws, rarely are you given advanced notice as to when an audit will occur.

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TaxConnex

APRIL 28, 2022

Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. The consultancy Agile has cited several stats on sales tax audits, including that one in five small-to-midsize businesses have been audited within the past five years. Fear and loathing.

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CPA Practice

OCTOBER 13, 2023

By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. Former CEO Steve Ballmer got summoned.

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TaxConnex

MAY 18, 2021

A random drive-by past one of your locations, noticing your company’s name in the news, an auditor seeing your business at a tradeshow, all could lead to a potential audit. You have recently been audited – Jurisdictions do speak to each other.

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PYMNTS

JUNE 29, 2020

EY has been auditing for Wirecard since 2008 when it was hired to conduct a special audit over allegations that there were deficiencies in the company’s financial statements, and then EY continued as the company’s regular auditor from 2009 onward.

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MyIRSRelief

SEPTEMBER 1, 2023

Maybe you’ve been audited by the IRS, or you have unpaid back taxes. Your brighter, debt-free future is waiting for you – seize it now! Contact us for professional tax help today! Are You Facing Tax Problems? If you’re like many taxpayers, you may be facing tax problems.

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