Here is a short video about things that businesses can do to minimize their sales and use tax audit exposure.
Key Takeways:
- Have a document retention policy in place for at least the statute of limitations.
- Confirm automation and accounting software is working correctly.
- Periodically review exempt sales documentation.
More Tips in The Sales Tax Sisters Academy
Our mission 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. Our focus is on empowering you with a framework and general understanding, so you know what questions to ask and where to go to get the information you need to stay on the right side of sales and use tax compliance.
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