- Sales tax audits can be terrifying for businesses
- 23% of respondents expect sales tax audits to increase in the coming months
- Steps to handle a sales tax audit include continuously assessing economic and physical nexus, reading the audit notice, organizing information, and providing a flow of information
- Engage a specialist and assign a designated liaison between the auditor and the business
- Treat the auditor respectfully and negotiate findings if possible
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
