Monday's Sales Tax Audit Tip #1

02/26/20 • 7 min

Sales tax audits are happening more and more frequently. As more business are susceptible to economic nexus laws states are looking to obtain as much revenue as possible.
I want to share as many tips as I can. I get all my tips from our Ultimate Guide To Fighting A Sales Tax Audit. If you would like to look ahead you can download here for free.
If you are under going an audit or fear its only a matter of time get a free consultation here.

Previous Episode

Sales Tax and Trade Shows

We recently attended the Silicon Slopes Tech Summit in Salt Lake City. As I walked around and checked out all the different booths, and the cool Arcade setup where they had a Super Smash Brothers tournament, I wondered about sales tax. I spoke with as many people as I could to discover what their company does. I would then ask them about sales tax, and of course they weren’t sure what they did for sales tax. I don’t blame them, they aren’t the ones in charge of the sales tax in their business. I wondered though, what the sales tax nexus implications were for being an exhibitor at a trade show. This is what I learned.

Additional Questions Answered:

What is physical nexus?

What is economic nexus?

How can attending trade shows trigger physical nexus?

If I don’t have economic nexus am I exempt from physical nexus?

Do all the states have the same sales tax laws?

What activities can trigger physical nexus in a state?

Do I have to get registered in the state where I am exhibiting in a trade show?

What are my options when I need to get registered for sales tax?

If you attend trade shows and you feel you may have exceeded some of the thresholds you can schedule a free consultation HERE.

Next Episode

State by State Sales Tax: Alabama

Each week I will be highlighting a new state and will be going over their nexus laws, thresholds, how to register for sales tax, how to collect the sales tax, and how we can help you.
Topics Covered In Order:
Sales and Use tax overview.
- Sales Tax
- Sellers Use Tax
- Consumers Use Tax
When you should collect the tax in Alabama.
What happens when you don't collect the sales tax.
What gives you nexus in Alabama.
How to register your business for sales tax in Alabama.
How to collect the sales tax in Alabama.
Sales tax exemption certificates.
Filing your sales tax returns.
Using Peisner Johnson to help you.
Get a Free consultation here: https://www.peisnerjohnson.com/whats-next/