TaxConnex

MAY 9, 2023

Losing an important member of your finance team can leave a big hole in many business processes, especially if most of your accounting functions are managed in-house. But what happens when you lose the person managing your sales tax obligations? Often, budget doesn’t allow to immediately replace a lost employee.

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Sales Tax audit tax return 130

TaxConnex

APRIL 1, 2021

However, there are further tax-exempt purchases. Tax exemptions can also be applied at the customer level as opposed to the product level. Exemption certificates generally fall into two categories: 1. Use-based exemptions. Resale exemption certificates are the most common form of exemption certificate.

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Sales Tax Manufacturing Education 225

ThomsonReuters

DECEMBER 13, 2021

Overpaying taxes means revenue isn’t available for other important investments, while underpaying taxes can result in costly fines, penalties, and audits. Indirect tax professionals play a critical role in the success of a business. Meeting sales tax reporting and filing obligations is even more complex when your business transacts online.

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Tax Sales Technology South Dakota 52

ThomsonReuters

FEBRUARY 1, 2024

Such audits can also uncover industry-specific credits and exemptions that may have been overlooked. What is a reverse sales tax audit? Correction of taxes overcharged to customers is handled a bit differently.

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audit Sales Tax Manufacturing 52