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Use Tax
Did you know the majority of tax liability and penalties assessed from a sales tax audit are actually due to use tax?
When you purchase a good or service and had an obligation to
pay sales tax on that purchase, but it wasn’t collected on the sale...you have incurred a use tax liability.
Call GuideSource today to learn more about sales & use tax.
Sales tax compliance and sales tax audits are among the most challenging matters companies face today. Sales tax is complex. Auditing strategies are unique. And in an era of state governments starved for revenues, audit activity is markedly higher.
Are you collecting the sales tax you should when your customers purchase from you?
Are you paying sales or use tax on non-exempt purchases, even when your vendor is out of state or not collecting tax?
Companies being audited should not assume self-representation is wise. The best practice to successfully navigate an audit is to assure your company is compliant before the audit ever occurs.
Contact GuideSource to learn about our sales & use tax compliance reviews.
Sales & Use Tax
Sales Tax - Assuming the role of Tax Collector