The How and Why of Sales Tax Audits
Have you ever wondered why some businesses get audited and some don’t? Sales tax audits don’t just happen by chance (though that may seem to be the case). States have very specific sales tax requirements and failure to meet those requirements often leads to an audit. In order to prevent your business from the dreaded audit, it’s important to understand the why of audits. This, in turn, will help you determine how to protect yourself from sales tax penalties.
Our partner, Avalara, released a video explaining the logic around the audit selection process and how you might be able to get off the sales tax merry-go-round. In this video, Dan Thompson, from Thompson Tax & Assoc. LLC, shines a little light on how and why businesses are chosen for a sales tax audit.
Learn more about how your business can stay current with sales tax requirements and ensure compliance today.