The Sales Tax Audit is Over! Now What?

by | Mar 18, 2022 | Audits, Mary's Wisdom, Sales Tax Returns, Stephanie's Wisdom | 0 comments

Congratulations! You have survived your sales tax audit. While you can breathe a sigh of relief, don’t think that the tax authority is through with you because the audit is over. In order to avoid the same issues that were discovered during the audit, you must review the audit and make corrections in order to come into compliance currently.  We discuss those all important post-audit activities here.

Key Takeaways:

  • Even if you have a good result, you must be prepared for the taxing authority to audit you again.
  • If compliance issues have been identified, make sure to address those compliance issues from the end of the audit period going forward.
  • Failure to address compliance issues can not only lead to additional sales tax deficiency but also a denial of a waiver of penalty.

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