- Companies and responsible persons are liable for sales tax non-compliance
- Liability can extend to individuals managing or controlling business payments
- Hiring a CPA does not absolve a company from liability
- CPAs should ensure all services are covered by written agreements
- A New York accounting firm faced a malpractice lawsuit for flawed advice
- Continuous involvement in a case can extend a firm’s liability
- AICPA reports more claims against CPAs for tax services than other claims
- Tax claims related to state and local taxes can be severe
- Example of a CPA identifying potential nexus due to business travel
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.
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