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.
Interim reviews are a useful tool in helping you remain sales & use tax compliant.
They should be considered when you expand your business offerings, conduct business in new jurisdictions and when you make large purchases.
Once the review is complete, you will know if you owe additional tax or if you should charge sales tax on sales.
Make a plan to address the issue.
Consistency is key. A good plan means nothing if there is any deviation in the execution.
Our mission to provide a resource so business owners, accountants and bookkeepers can understand sales & use tax compliance. We know that sales and use tax laws are not the easiest to understand. Our focus is on empowering you with a framework and general understanding, so you know what questions to ask and where to go to get the information you need to stay on the right side of sales and use tax compliance.