Surviving a sales tax audit
The fear of a sales tax audit from one of the country’s thousands of tax jurisdictions is...
Under audit, an otherwise exempt sale will be deemed taxable without a current, valid exemption certificate. Results from a sample of invoices can be extrapolated across the audit period and a few missing certificates can result in large assessments including penalties and interest. Implementing a process to gather, validate and manage tax exemption certificates is necessary for many businesses.
With TaxConnex® exemption certificate management service, you’re able to outsource the process and gain easy access to all your certificates online.
TaxConnex's managed service offering includes:
Review all new certificates for validity
Index certificates and supporting documentation for easy access
Verify permit number provided in your certificates, where available
Monthly reporting with data identifying customer with invalid, missing or expired certificates
Managing the expiration cycle; proactively identifying expiring certificates and notifying you, and your customer, of the need to update exemption certificates
The fear of a sales tax audit from one of the country’s thousands of tax jurisdictions is...