Today’s content is provided by Zoey partner Avalara.
More businesses may be at risk of a burdensome and costly sales and use tax audit in 2021 as cash-strapped states seek to recover revenue losses due to the COVID-19 pandemic. Certain factors make a business more likely to be audited. Companies may be on the hook for paying taxes owed, plus penalties, should an audit not go in their favor.
Unfortunately, many businesses are ill-prepared to handle an audit. As a knowledgeable partner in sales tax compliance, Avalara wants you to be audit ready. Read the new guidebook by Avalara to discover additional strategies to avoid risks, reduce costs, and save resources.
This guidebook will help you understand your typical risks and what to expect during an audit. You’ll also find strategies that may reduce the likelihood of a negative audit, make the process smoother should the auditor pay you a visit, and ultimately save your company money.
In the guidebook you’ll learn:
- Which industries are most likely to be audited
- The most common reasons for an audit
- What to expect (and avoid) during an audit
- Tactics to reduce your risks and help in the event you are audited
To download your copy, click the button below:
