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In the wake of the court decision in the case of
South Dakota v. Wayfair, the
Sales and Use Tax's landscape has changed and the majority of States have
adopted a change in their collection of Sales and Use tax from retailers through
policy changes and an increase in their audit activities. The changes applied by
States to cover the gap in tax collection and increase tax revenue include the
hiring of additional auditors and the monitoring of individuals' online
purchases by requesting a list of individuals to major online retailers. So,
this not only affects businesses but also individuals who do not pay sales taxes
on their online purchases. Furthermore, local municipalities are focusing on
property tax and business licenses to gain greater access to constituent
revenue.
Pascarella Accounting Group’s Sales and Use Tax team, part of the firm’s SALT
group, helps clients deal with these ever-changing laws by providing the
necessary services addressing sales and use tax filings and compliance. Our
sales and use tax offering includes additional services customized to your
needs:
- A review of your Sales and Use Tax filings,
calculations, and reconciliation of your sales transactions
- Nexus review to determing where your company should
be registered and where it should submit its Sales and Use Tax Returns
- Assistance with the development of the necessary
strategies for State and Local audits
- Use Tax, which is very often overlooked, and how a
failure to assess the tax can impact your business through an audit
- Outsourcing your Sales and Use Tax compliance
- Internet sales. Selling your product via the
internet can have an impact on your company’s requirement to collect and remit
sales tax
- Exemption Certificates. Is your company collecting
and retaining the proper customer exemption certificates needed under audit?
Call us today to help you understand these changes and how they affect your
business. Fill out the form on this page and our team will get in touch with
you.
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