- October 15th marked the end of the last major income tax due dates in 2023.
- CPAs typically use the fourth quarter for audit and tax planning, as well as CPE.
- Sales tax planning should not be overlooked when considering clients’ needs and tax planning.
- Changes in clients’ businesses, such as new markets and products, can impact their sales tax responsibilities.
- Potential planning projects include conducting a nexus review, determining taxability of new products/services, and reviewing exemption certificate inventory.
- Sales tax should be considered when discussing areas of risk and exposure with clients.
- TaxConnex can be a non-competitive partner to help manage sales tax compliance for clients.
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
