The Sales Tax Sisters Channel: Upgrading your accounting system and audits

Learn about common pitfalls when taxpayers upgrade accounting systems.  And remember, when you upgrade your accounting system, it can also impact your audit. Audit Series #17

 

The Sales Tax Sisters Channel: Don't send an ugly letter

Learn more about how to effectively address audit result dissatisfaction in our latest video on the Sales Tax Sisters Channel.  YouTube Audit Series #16

 

The Sales Tax Sisters Channel: The audit supervisor can help

This week the Sales Tax Sisters discuss what to do when you are not happy with the audit process or the auditor. We understand it is tempting to call the person's supervisor and complain, before you do that, think about what you want and if placing that call is the best course of action.  YouTube Audit Series #15

 

The Sales Tax Sisters Channel: The internal audit contact

Learn more about how the choice of who represents you influences your audit experience and your wallet.  Watch the Sales Tax Sisters Audit Series #13.

 

The Sales Tax Sisters Channel: Can the auditor do that?

This week, the Sales Tax Sisters focused on helping you learn more about the best way to handle auditor requests. Audit Series #13 can be viewed here.

 

The Sales Tax Sisters Channel: Participate in Sales Tax Decisions

Make sure that you ALWAYS review tax research and ask questions about sales and use tax compliance when working with your tax consultant.  We discuss this in our latest video, Audit Series #12

 

The Sales Tax Sisters Channel: Choosing a Tax Consultant

Do you need helping understanding how to choose a tax consultant? In our Audit Series Video #11, we explore our best tips for making the decision.  

The Sales Tax Sisters Channel: How Long Will My Audit Last?

Audits lengths vary wildly by taxpayer.  Click here to learn what you can do to speed the process. Audit Series Video #10.

The Sales Tax Sisters Channel: Post Audit Steps

After the sales tax audit, you must get ready for the next audit, especially if any errors were discovered.   We discuss this more in our Audit Series Video #9.

The Sales Tax Sisters Channel: Your vendor has been audited? Do you pay the sales tax reimbursement?

If your vendor issues a sales tax reimbursement request on a sale and you have the money, pay it and record that you did.  Learn more in our Audit Series Video #8.

The Sales Tax Sisters Channel: Sales Tax Reimbursement

After an audit, you can recoup sales or use tax collected by the tax authority if you did not charge your client tax.  Learn more in our Audit Series Video #7.


 

 

 

The Sales Tax Sisters Channel: Handling Local Tax

Know your sales and use tax rate.  It is important for sellers and purchasers... You are both on the hook! This is the topic we address in video #6 of our Audit Series.

 

 

 

The Sales Tax Sisters Channel: Sales Tax Collected - Not Remitted

Make sure you never fail to turn in tax that has been collected from a customer.  It's fraud to keep the money.  Learn more in The Sales Tax Sisters latest video, #5 in the Audit Series.

 

 

The Sales Tax Sisters Channel: Sales Tax Accrual Account

You must understand the entries in the sales tax payable account.  Learn about the account and how the account should clear out in this short video, #4 in our Audit Series.

 

 

The Sales Tax Sisters Channel: Internal Controls in Tax Audits

Your internal controls dictate, to a large degree, your audit experience.  Learn more in our 3rd video from the audit series.

 

 

The Sales Tax Sisters Channel: Give the auditor clean records

Episode 2 in our Audit series carries a very important message. If you want a faster audit, provide requested records that are easy to understand.  Learn more…

 

 

The Sales Tax Sisters Channel: Give the auditor requested information ONLY

In the first video from our Audit series, we talk about audit document requests. It's a mistake to do an information dump when your auditor shows up...Head to the video to understand what we are talking about.

 

 

The Sales Tax Sisters Channel: Issues with software and software providers

In Episode 6 of our Nexus series, find out how growing companies address sales tax compliance as they register in new jurisdictions.

 

 

The Sales Tax Sisters Channel: What registration means

Before you register your business, understand that it means a LOT more than collecting and remitting sales tax.  Learn more by watching the 5th video in our Nexus series.

 

The Sales Tax Sisters Channel: Voluntary registration to collect sales and use tax

Our 4th video in the Nexus series is live. Find out why it may make sense to register to collect sales and use tax voluntarily.

 

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