As your business changes or expands, or you make large purchases, interim reviews can help ensure that you are tax compliant. We talk about it more in the video below. Key Takeaways: Interim reviews are a useful tool in helping you remain sales & use tax...
When making exempt sales to exempt, it is important that you obtain all appropriate documentation required to substantiate the tax-free nature of the sale. On other words, if your jurisdiction requires you to obtain a certificate or any other documentation, obtain...
If you are ever audited, one of the first things that the auditor will do is reconcile your sales tax accrual account to make sure that you are remitting what your own accounting records reflect should be remitted. Regardless of which basis that you use, if there are...
We discuss intermingling your non-sales related deposits in your business bank account. While there are not rules against combining your business proceeds and nonbusiness related deposits into bank account, it can lead to a huge headache if you are ever subject to a...
This is a short video about making sure that you don’t miss any reporting deadlines. There are compelling reason why you don’t want to be late when filing your return. Key Takeaways Set your reminders for least 1 week BEFORE the return or report is due....
When making a refund request, review the website of the taxing authority to ensure you have all documentation that fully supports the request. Expect that the documentation may be reviewed before funds are released. The refund request, itself, will be audited. In...
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