- Sales tax audits are common for businesses and can cause stress for owners
- Auditors review financial records to ensure proper collection, reporting, and remittance of sales tax
- Auditors may interview personnel and inspect facilities during the audit
- Tips for preparing for a sales tax audit include maintaining accurate records, reviewing processes, understanding the audit process, cooperating with auditors, and seeking professional assistance.
Source: thompsontax.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.
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