Surviving a Sales Tax Audit of Your Cash-Based Business

General Business

July 22, 2016
by Daryl Ohland, CPA, CIRM, MST

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Daryl Ohland Daryl Ohland, CPA, CIRM, MST

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More often than not, states are using their data warehouses to identify audit candidates.  Techniques like comparing gross receipts levels for both income tax and sales tax reporting or comparing your taxable sales percentage to other filers for your NAICS code are becoming standard.  
What can you do to minimize your audit risk or be better prepared in the event you are selected?

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