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Tips to Ensure You Don't Mishandle a Sales Tax Audit

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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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

MAY 12, 2022

What is a sales tax audit? A sales tax audit determines whether a business has collected and paid the correct amount of sales tax owed to the state for taxable transactions. Auditors examine financial documents and compare total sales revenue with sales that resulted in the collection of sales tax.

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audit Sales Tax auditor

Accountant Advocate

Tips to Ensure You Don't Mishandle a Sales Tax Audit

What triggers a sales tax audit and how do you reduce the risks?

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