Become familiar with best practices now to save time and money later!
States have long sought ways to close budget gaps and increase revenues and sales tax is often the answer. With the explosion of ecommerce in light of the COVID-19 pandemic, and many states offering financial relief for residents and local business owners, sales and use tax audits may soon be on the rise as a way to ensure states are collecting all thats due.
Businesses no longer have to worry if they’ll be selected for a sales and use tax audit, but when. States may become increasingly aggressive in audits, and something as simple as an office building closure or remote sales can tip them off. So what else can increase the risk of a business being chosen for a sales and use tax audit? And what can you expect should your business be selected for an audit? In this webinar on June 17 at 4:00 p.m. Eastern Time, we’ll go over these questions and much more in our upcoming webinar, Navigating a sales and use tax audit in 2021.
- Potential red flags for an audit
- The differences in managing sales and use taxes
- How economic nexus can impact your obligations when making remote sales
- Best practices for audit preparation
- How automation can centralize your tax compliance strategy
- Understanding what to expect from a sales and use tax audit can save your business both time and money.