Understanding sales tax laws can be complex and overwhelming. With frequent changes and varying regulations from state to state, it’s easy to feel lost. Whether you’re a business owner trying to comply with new rules or a consumer planning significant purchase, getting expert advice can make all the difference. Sales tax laws vary widely across…
If you don’t collect sales tax on a taxable sale, you need to validate the exemption by collecting an exemption certificate or resale certificate from your customer. Otherwise, you could be liable for the uncollected tax, associated penalties, and interest. What is an Exemption Certificate? An exemption or resale certificate is a document that identifies…
Mastering the intricate world of sales and use tax can be a formidable task for any business. However, as a CPA, accounting firm, or advisory firm, your specialized knowledge is a vital asset in guiding clients to effectively manage their finances and maintain compliance. Your role in staying abreast of the complexities of sales and…
Navigating the intricate world of sales tax compliance is a challenge many businesses face. While some may opt for DIY solutions or software, others turn to service providers for assistance. Here’s why: Expertise: Service providers specialize in tax matters, offering deep knowledge and guidance tailored to your business’s needs. Their expertise ensures accurate compliance and…
Managing sales and use taxes can be complex and time-consuming for businesses. Outsourcing sales tax obligations can offer several advantages, as you have outlined. However, it is essential to consider both the benefits and potential drawbacks before deciding. Here are some additional points to consider: Cost-effectiveness: Outsourcing sales tax obligations may incur additional costs, such…
Free Evaluation – Instant Value with Key Analysis Evaluating your operations and isolating areas of overpayment of sales or use taxes and managing the Claim for Refund of any such overpayments. The evaluation is free and if we do not find any areas of overpayment you still receive a free review of your operations.
Experts in Tax Law Application, Policy & Exemption We represent clients during sale/use tax audits to get them the best results. It is in your best interest to retain someone who is knowledgeable in the application of state sales/use tax laws and who will advocate on your behalf and seek to reduce or minimize any…
California: Boutique hotel owners (taxpayers) were eligible for refunds of penalties imposed by the City and County of San Francisco for failing to file tax returns on time and failing to pay certain hotel taxes because they demonstrated that they had exercised reasonable care. The taxpayers relied on an employee to file, repay and make…
AL: The Alabama Department of Revenue appeal against a Circuit Court judgment was dismissed for lack of jurisdiction because the judgment was not final. In that matter, the department found that the taxpayer, a furniture store operator, paid no sales or use tax on its furniture sales and shipping fees collected on shipments to various…
ALABAMA: A convenience store operator was assessed properly under the Alabama sales and use tax law on its retail sales. The taxpayer failed to maintain adequate books and records and didn’t correctly report its sales. The taxpayer did not provide thorough information about its purchases, and, as a result, the Alabama Department of Revenue determined…
