CPA Practice
MARCH 27, 2024
All 45 states that have sales tax also have use tax, and certain industries, like manufacturing, construction, and hospitality, often face greater risks of noncompliance because the use tax rules for these businesses are more complex and can vary from state to state.
PYMNTS
NOVEMBER 29, 2019
There have been some notable efforts by states to take some of the guesswork out of the occasion. Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state. Audits may increase as states share data with one another about smaller firms that log sales in several locations.
Mark Lee
AUGUST 27, 2024
Background In 2015 I took on a voluntary role that included responsibility for the finances of a members’ club that had long been audited by a top 20 firm. I called the audit partner to introduce myself and to mention that we would no longer require an audit.
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