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Best Practices for Managing a Sales Tax Audit

TaxConnex

If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers.

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Sales tax ‘responsible party’ laws still going strong

TaxConnex

Most states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. Know the nuances of the law in states where you have collect and remit sales tax, because states take this all seriously.

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Automation's place in sales tax compliance

TaxConnex

Updating your filing frequencies for when your sales tax returns are due. Reporting taxes that arent calculated within the sales tax automation solution and not added to an invoice such as Washington Business and Occupations tax or the Ohio Commercial Activities Tax.

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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Yet often we see differences between a client’s billing system and their tax reporting. You could be billing taxes within your billing system and yet haven’t filed a single sales tax return and haven’t tracked the tax data to be aware of a future filing obligation. Tax types and nexus pose other wrinkles.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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Professionals on the Move – July 2024

CPA Practice

Previously, she was a senior manager in a national firm’s assurance and advisory business services group, working on audits of large public and nonpublic companies in the professional services, manufacturing, distribution, and construction industries. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

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Professionals on the Move – August 2024

CPA Practice

Previously, she was a senior manager in a national firm’s assurance and advisory business services group, working on audits of large public and nonpublic companies in the professional services, manufacturing, distribution, and construction industries. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

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