been audited Related Topics 
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.
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.
CPA Practice
MARCH 27, 2024
Nearly a third (32%) of respondents also indicated that audit risks are high, especially when managing consumer use obligations. Of the 40% of respondents who revealed that their business has been audited within the past three years, 63% said consumer use tax was a substantial part of the audit process.
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.
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.
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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