201305.07
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Senate Passes Internet Sales Tax Bill

Washington- Monday May 6, 2013, the U.S. Senate passed the internet sales tax bill named the Marketplace Fairness Act.“After 20 years, there is finally light at the end of the tunnel for our brick-and-mortar businesses,” said Rep. Steve Womack, R-Ark., the bill’s House sponsor, according to the New York Times. “Saving local retail business depends…

201201.09
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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…