In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax.
Common Situations to Watch For (that create sales tax risk):
- Sales growth or sales into new states
- Adding new employees, locations, or warehouses
- Change of staff
- Audit notices
- Product expansion
Source: www.taxconnex.com
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