Sales & Use Tax Resources
Our mission is to provide a resource so business owners, accountants and bookkeepers can understand sales & use tax compliance.
We know that sales and use tax laws are not the easiest to understand.
eBooks & Whitepapers
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Texas Taxes for Audits$9.99
Texas Taxes for Landscaping, Pest Control & Other Real Property Services$29.99
Texas Taxes for the Construction Industry- New Construction$29.99
Texas Taxes for the Construction Industry- Repair, Remodeling & Restoration$29.99
Texas Taxes for the Construction Industry- Sales & Use Tax-2022$29.99
Articles & Videos
This tax tip is about 3 things you should do before you or your client receives a Notification of Routine Sales and Use Tax audit letter. If you follow these guidelines, your life or at least the audit will be a lot simpler. These measures should be in place before the sales tax audit starts.
There are differing sales and use tax ramifications when dealing with taxable items given to employees versus items that are sold to employees. The difference is who pays the sales or use tax.
Every jurisdiction has sales and use tax exemptions available to certain taxpayers. Exempt organizations include governmental agencies and other exempt entities can include educational, religious, and charitable organizations.
When making sales to exempt organizations, it is important that to obtain the appropriate documentation required to substantiate the tax-free nature of the sale.
When you are going through at sales and use tax audit, the audit will not only review source documents, but they will also review your accounting records, i.e., the GL. Auditors focus on certain accounts of interest. These are accounts where they know there may be sales and use tax compliance issues.
This tip is about what you can do when you discover that you have overpaid sales or use tax on the purchase that you make for your business. As we discussed in an earlier video, there are various sales and use tax exemptions available to purchasers for miscellaneous reasons.
This sales tax tip is about document retention. Specifically, making sure you have a plan in place when it comes to scanning your documents. We talk about it a lot because it is so important to have a good document retention policy in place, especially in a sales and use tax audit context.
In our discussion, we are focusing on bad debts and how they affect the sales and use tax that you report to the taxing authority. We also discuss the importance of documenting which bad debts were written off and how important it is in an audit context.
Over the course of my career I have regretted becoming engaged by select clients. I thought it would be good to share some of my experience dealing with difficult clients and the red flags that can help other small businesses identify them.
The effectiveness of an accounting software upgrade is underminded if your accounting staff refuses to use it. You must manage your expectations and help your staff wrap their heads around the new technology in order to make the most of your oftentimes expensive upgrade.
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