M&A negotiations and sales tax liability
It’s a common scenario: A company has decided to sell, then due diligence turns up a $2 million...
Just when you finish one set of returns and think you have some breathing room then it’s time to start the process over again. In between preparing and remitting returns, you’re also trying to keep up with notices and other correspondence from the thousands of taxing jurisdictions.
You may be registering as a taxpayer in new jurisdictions and attempting to understand the new forms and rules associated with each new jurisdiction. Meanwhile, your core accounting and tax functions suffer because you are focused on the sales tax fire du jour.
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