Targeted businesses for sales tax audits
Cash-based businesses such as bars, restaurants, and liquor stores are of particular interest, as they may not always report all their cash sales for federal or state tax purposes. In the past, auditors had a difficult time auditing such industries, but now, thanks to third-party reporting and much better industry average data, state sales tax departments are able to audit such industries more effectively and efficiently. It's important for businesses to ensure they are accurately reporting all of their sales to avoid potential penalties or legal issues.
If your business receives an audit notice, one of our experienced NYC or NJ accountants and tax advisors can offer effective sales tax help. We understand that the audit process can be overwhelming, and we are here to help you through the entire process.
Get help from OnPoint's NYC / NJ accountants and sales tax experts