TaxConnex

APRIL 1, 2021

Exemption certificates generally fall into two categories: 1. Resale exemption certificates are the most common form of exemption certificate. As sales tax is charged at the point of final sale, goods and services bought for resale are often exempt to avoid double taxation. Use-based exemptions.

Sales 224

Sales Tax Manufacturing Education 224

TaxConnex

MAY 27, 2021

To prove a sales tax exemption, the customer must provide an exemption certificate. The most common is a resale exemption certificate. This exemption certificate is a document that allows registered retailers to buy items for resale without paying sales tax on those items.

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Sales Tax Connecticut Idaho 165

ThomsonReuters

AUGUST 24, 2021

For example, external audits are typically triggered by reporting errors, incorrect tax calculations, or anomalies – such as issued resale certificates or non-remission of use tax – that invite regulatory scrutiny. Reduce sales tax compliance liabilities from audits.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

DECEMBER 13, 2021

Some include sales for resale, while others don’t. 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. States also differ in how they measure thresholds.

Tax 52

Tax Sales Technology South Dakota 52

ThomsonReuters

FEBRUARY 1, 2024

How to start reviewing tax data for overpayments How to claim a refund for a sales tax reverse audit Making changes after the audit Companies looking for ways to reduce the risk of tax overpayments and/or identify systemic issues that could prevent future overpayments may want to consider conducting a reverse sales audit.

audit 52

audit Sales Tax Manufacturing 52