Book Description

Are you preparing for a state sales and use tax audit? Would you like inside information on how the audit will be conducted and how to prepare your business and your employees for the many demands the audit will have? If so, The Ultimate Guide to Sales and Use Tax Audits if for you. The book provides an in-depth analysis of what to expect during the audit while also providing a detailed road map of step by step actions to take to ensure your business is prepared for the audit; from what to do when you first receive a Notice of Audit to requesting a waiver of assessed penalty once the audit has concluded. The book breaks down complex subject matter into straightforward language. You will not only be provided guidance on how to prepare for the audit, you will also discover how to successfully address important subject matter such as sales tax auditing practices and procedures, compliance testing and how auditors use transaction sampling to examination the taxation of the business's sales, purchases and expenses.