Preparing for a Sales and Use Tax Audit: Part 3

In Part One of this series, we discussed the initial contact with the auditor in response to the notification of your upcoming audit. In Part Two we covered two of the main areas that the auditor will be expecting to find errors in tax filings, use tax payments on purchases and collections of adequate sales tax from your own sales. In this article we will discuss the documentation you should include with your sales tax returns for the audit period selected.

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End of Year Tax Preparation Tips

Here are some tax preparation tips:

1. Open up a free document storage account, so that you can get all your tax documents in one place. Preferably one that has sharing capabilities; all the easier to share with your accountant and bookkeepers. My recommendation: DocLanding, it is free to start (you only need to pay once you exceed certain storage requirements) and you can set up file cabinets and file folders, and the sharing permissions are very detailed. You can share whole cabinets, folders only or documents-only.

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