Insights by This Professional
May 16, 2017
When a company is undergoing a sales and use tax audit, the use of sampling procedures by the auditor can be daunting and can sometimes result in unplanned difficulties for the company. It is extremely important to get ahead of the game and to ensure that the use of sampling procedures does not inadvertently create undue problems for the company.
January 12, 2016
We have been dealing with a lot of aggressive auditors lately — not just aggressive from the standpoint of inflexibility on audit assessments, but aggressive in seeking to dictate the terms of how the audit is going to be managed from their point of view only (or for their convenience). A number of years ago, we wrote an article on managing a state department of revenue auditor and the audit process. We thought a refresher was necessary, given that we are finding that, more often than not, a “fair” auditor or audit may be becoming more the exception versus the rule. This edition of Tax Advisor Weekly focuses on ways a company can manage audit execution without allowing the auditor to manage the company.
April 15, 2015
The U.S. economy is constantly fluctuating, which makes for an ever-changing landscape in corporate America. For many companies, uncertainty in the economy can result in an array of changes such as downsizing, mergers, acquisitions and expansions. Keeping up with corporate changes and their impact on business operations can be a daunting task for the corporate sales and use tax department, especially since most tax departments are in a constant state of maintaining compliance and reactively defending the compliance during audits from various taxing jurisdictions.
January 31, 2012
Sales and use tax compliance is not a simple process. In the United States, there are over 11,000 taxing authorities with constantly changing sales tax rates and laws.
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January 5, 2011
Most of us decide at the beginning of a new year to set resolutions...lose weight, better manage finances or improve ourselves in some other way. As we know, New Year’s resolutions are fairly easy to make but very difficult to maintain. The same holds true for resolutions to improve operations at your company. With the economy still in flux and new state legislatures about to convene, now may be the best time to put into place some practices that will improve your tax department’s efficiency and effectiveness.