TaxConnex

JUNE 28, 2022

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates. This is where the XYZ letter comes into play.

Sales 188

Sales Tax audit been audited 188

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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audit Sales auditor Tax 166

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

audit 105

audit Sales Tax auditor 105

TaxConnex

APRIL 28, 2022

Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. Top 10 Tips for Managing Sales Tax Audits.

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audit auditor general ledger Minnesota 175

TaxConnex

MAY 18, 2021

sales tax audits ?were sales tax audits to become more common over the next two years. Like most things in sales tax, there’s not an easy answer. But there are many triggers that can result in an audit. Even being off just a little bit could lead to you being audited. Likewise, in a recent?

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audit auditor Missouri Tax 205

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.

Technology 69

Technology Tax audit accounts payable 69

xendoo

MARCH 18, 2021

Small business owners are notoriously time-starved—struggling with marketing and sales with employee management, bookkeeping, and so much more. When you have been audited. Many businesses are required to have a financial statement audit or a review with the IRS at some point. An audit sounds daunting because it truly is!

online accounting 52

online accounting Account accountant accounted 52