4 min read

5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

By Robert Dumas on Thu, May 05, 2022 @ 11:54 AM

You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can do a quick check for the most common errors. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit.

Topics: sales tax compliance taxability sales tax audits
5 min read

The new breed of audit

By Robert Dumas on Thu, Apr 28, 2022 @ 11:30 AM

In years past, auditors could show up at your door asking to look at your records. Now that’s much less common. Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed.  Many audits are conducted remotely, and an auditor never visits your office. Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. 

Topics: sales tax compliance sales tax audits VDA
5 min read

Best Practices for Managing a Sales Tax Audit

By Robert Dumas on Thu, Dec 23, 2021 @ 11:00 AM

If you and your company haven’t been hit with a sales tax audit yet, congrats. You should realize, though, that your luck might not hold out for much longer.

Topics: sales tax compliance sales tax audits
4 min read

Risks of Non-Compliance

By Robert Dumas on Tue, Dec 07, 2021 @ 11:00 AM

Rolling the dice with sales tax compliance can backfire in a big way. And there are several examples that take this to the extreme. Keep reading to see some recent sales tax missteps that had big costs.

Topics: sales tax compliance sales tax audits
2 min read

Ensuring Data Consistency

By Robert Dumas on Tue, Nov 30, 2021 @ 11:00 AM

When you look at the details involved in your sales tax compliance process – preparing and filing returns, updating the filing calendar, managing notices, monitoring nexus thresholds and on and on – it’s easy to see why you need to simplify the process wherever possible. One important factor is consistent, properly formatted data with the necessary data fields.

Topics: sales tax compliance sales tax audits sales tax filing
2 min read

Tips to Ensure You Don't Mishandle a Sales Tax Audit

By Robert Dumas on Thu, Sep 02, 2021 @ 11:00 AM

Managing a sales and use tax audit can be challenging. And many businesses mishandle the process, making it all that much more difficult on themselves.

Topics: sales tax compliance sales tax audits
3 min read

3 Benefits to a Voluntary Disclosure Agreement

By Robert Dumas on Tue, Jun 29, 2021 @ 11:00 AM

A voluntary disclosure agreement (VDA) is a legal means for taxpayers to self-report back taxes owed for income, sales, property, and other tax types. In exchange for voluntarily reporting the tax due, states offer a waiver of some penalties and other benefits to the business. If back taxes are not disclosed but are instead discovered through an audit, the taxpayer is at a disadvantage and will end up being assessed various penalties plus interest plus all historical tax due.

Topics: sales tax audits VDA
7 min read

Don't Test Your Luck with Non-Compliance

By Robert Dumas on Tue, Mar 16, 2021 @ 11:00 AM

This St. Patrick’s Day, don’t look to four-leaf clovers, pots of gold or leprechauns to bail you out of trouble with sales tax. If your company has sales tax obligations and doesn’t have a process yet in place, plan for the risks of non-compliance.

Topics: sales tax compliance sales tax audits
4 min read

Understanding Use Tax

By Robert Dumas on Thu, Feb 25, 2021 @ 11:00 AM

You may think that if you do not have physical or economic tax nexus in a state, you do not have any tax obligations. However, this may not be the case. You can still have obligations to the certain tax authorities in a state even where you do not have nexus and are not required to collect and remit sales tax in the state.  

The reason? Use tax. Specifically, consumer’s use tax.

Topics: sales tax compliance sales tax audits
8 min read

Sales Tax Audits - The Danger Grows

By Robert Dumas on Tue, Feb 23, 2021 @ 11:00 AM

Many industry experts believe that as state tax revenues continue to dry up from the economic shutdown and continuing pandemicstate sales tax audits are likely to increase sharply in the coming months. States are in the same boat as many businesses when it comes to the stress and financial strain that comes along with the pandemic, and an increase in audits would help states recoup lost revenue and minimize budget deficits.

Topics: sales tax compliance sales tax audits
6 min read

Get Ready for Audits as States Keep Losing Sales Tax Revenue

By Robert Dumas on Thu, Jun 25, 2020 @ 11:00 AM

This article was written with contributions by Clark Calhoun of Alston & Bird. 

Topics: sales tax compliance sales tax audits
3 min read

Top Tips for Managing a Sales Tax Audit

By TaxConnex on Tue, May 19, 2020 @ 11:00 AM

Topics: sales tax compliance sales tax sales tax audits
3 min read

States Getting Tougher on Marketplace Facilitators - What Does This Mean for You?

By TaxConnex on Thu, May 14, 2020 @ 11:00 AM

What is a marketplace facilitator?

Topics: sales tax compliance sales tax sales tax audits
3 min read

Determining Who is At Risk for Responsible Party Laws within Your Company

By TaxConnex on Thu, Apr 23, 2020 @ 11:00 AM

If your company sells into multiple states and has established sales tax nexus, it is critical that you evaluate your business’s exposure to sales-and-use-tax liability as soon as possible. There are more than 10,000 taxing jurisdictions and many have their own unique set of rules and interpretations. Not taxing a product or service appropriately could lead to significant exposure over time. And, you may be the person on the line to pay the penalties and interest, not your business.

Topics: sales tax compliance sales tax sales tax audits
2 min read

How to Correct Previous Non-Compliance with Sales & Use Tax

By TaxConnex on Tue, Mar 17, 2020 @ 11:00 AM

Maybe you’ve just figured out that you have nexus and were non-compliant without realizing it, or maybe you’ve been rolling the dice and crossing your fingers you won’t get audited – no matter your situation, if you have established nexus, are selling a taxable product or service into multiple states and aren’t complying with sales and use tax laws -  you have the potential to owe quite a bit in penalties and interest if caught. 

Topics: sales tax compliance sales tax audits VDA
3 min read

Responding to a Sales Tax Audit

By Robert Dumas on Thu, Feb 27, 2020 @ 11:00 AM

It happened.  You received a sales tax audit notice from a jurisdiction.  What do you do?

Topics: sales tax compliance sales tax sales tax audits sales tax filing
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