Sep 6, 20213 minGeneral Business4 Reasons Inflated Sales Figures Cost MoneyInflated sales figures are a nightmare on a cellular level. Some taxpayers inadvertently inflate reported total and /or taxable sales...
Sep 6, 20213 minAuditsSales Tax Audits: Dream or NightmareA sales tax audit can be a dream or a nightmare. The deciding factor is the nature of your compliance efforts. I recently came across a...
Sep 6, 20213 minSales Tax ReturnsYour Sales Tax Accrual AccountIt is critical that you pay attention to your sales tax accrual account. This account is a key document that should be used when...
Sep 6, 20213 minSales Tax ReturnsTaxable Purchases & Divergent UseDivergent use occurs when companies issue resale or exemption certificates instead of paying tax and make use of the item in a taxable...
Sep 6, 20213 minAuditsDon’t Forget Use TaxDon’t forget use tax is a smiling assassin of sales tax compliance. When companies are audited by state tax authorities for compliance...
Sep 6, 20213 minAudits6 Texas Sales Tax Return TipsHere are a few Texas sales tax return tips. The broad concepts can be used to build a framework that can be used to explore other...
Sep 6, 20213 minSales Tax ReturnsReport Taxable PurchasesPeople routinely forget to report taxable purchases. Taxable purchases are a matter of confusion. When a vendor does not charge sales or...
Sep 6, 20213 minNexusUse Tax on Internet PurchasesWhen people make an internet purchase, the vendor may not charge use tax. The seller’s failure to charge tax does not mean that the...
Sep 6, 20213 minAuditsEasy Mistake–Tabasco is NOT Hot Sauce! Resale Certificates vs. Exemption CertificatesThere are some things in this world that appear to be interchangeable, but really aren’t: diamonds and cubic zirconia, tabasco and hot...