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Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. The consultancy Agile has cited several stats on sales tax audits, including that one in five small-to-midsize businesses have beenaudited within the past five years. Fear and loathing.
Be prepared to produce additional financial documents, including generalledgers and sales journals. Other strategies for streamlining audits include: Disclose known errors to the auditor up front. Past audits – You have beenaudited in the past and had sales and use tax audit liabilities.
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