Preparing For An Audit
3 simple tips on preparing for an audit: ORGANIZE RECORDS. You may have underpayed or overpayed sales tax. Having your records (sales/use tax returns, federal returns, sales tax transactions, etc) organized and easily accessible will help in supporting transactions. DON’T RUSH AUDIT PROCESS. It can be time consuming because the auditor will do a thorough…
SALTe November 2011
Please enjoy the latest edition of our firms Newsletter SALTe your State and Local Tax Explorer! In This Issue Multi-State 2011 – Tricks and Traps States Use To Get Their Sales Tax Revenue Multi-State 2011 – Groupon/LivingSocial Sales Tax – No California Sales Tax Collection For Another Year Texas – $260 Million Unremitted Sales Tax…
TEXAS – $260 million in Unremitted Sales Taxes “Recaptured”
Reprint from Tarrant Business, Star Telegram Blog Susan Combs, the Texas Comptroller, dropped by the Star-Telegram this morning to chew things over. She says she expects $1.1 billion – more than expected – to be transferred into the state's Rainy Day Fund this fall, due to the strength of oil and gas. “Oil and gas…