Don’t Make These 3 Errors on Tax Exempt Sales
Do You Make These Three Errors on Tax-Exempt Sales? 4 minutes
Imagine for a moment that your company just got a notice in the mail that you’re going to be audited in three days. You’ve been diligently filing documentation in storage room cabinets, so aren’t too worried.Now imagine the shock you’d face if, instead of a clean audit, you’re handed an assessment of $30,000 in tax liabilities and penalties because of missing or incomplete exemption certificates.It happens. We’ve seen it. And we’ve noticed a trend in the causes.
In this special edition of Will’s Whiteboard, the Avalara expert addresses the three most common errors that businesses make when it comes to managing exempt sales.