Statute of Limitations and Sales Tax

Statute of Limitations and Sales Tax

ShareFacebookTwitterLinkedinemail A statute of limitations is a law that dictates the maximum amount of time after an event that legal action can be taken. In the case of sales and use tax, state laws establish limits on how long a taxpayer is able to file a refund...
Statute of Limitations and Sales Tax

Late Invoices/ Underpaying Sales Tax

ShareFacebookTwitterLinkedinemail What do you do if order invoices come in after you have already filed sales tax? Correcting tax errors can be stressful, but it is necessary in order to keep your company from suffering penalties or fines. If you discover you have...
Statute of Limitations and Sales Tax

Do All Small Businesses Have To Pay?

ShareFacebookTwitterLinkedinemail Sales tax plays a major part in running a business, whether you understand all the rules or not. That lack of knowledge can quickly cause problems for business owners who abide by incorrect or outdated sales tax laws. If you’ve come...
Statute of Limitations and Sales Tax

Sales Tax Software Mistakes that can Cost You Big

ShareFacebookTwitterLinkedinemail Relying on technology for sales tax is a smart move when it comes to accurate compliance. What controllers are not told, more often than not, is that most sales tax software lack the ability to accurately identify filing errors prior...
Statute of Limitations and Sales Tax

Tax Expansion Trend

ShareFacebookTwitterLinkedinemail Sales tax placed on goods is one of the largest sources of state revenue. However, in recent years state lawmakers have found residents spending more on services than they do on goods. This development has states rethinking their...