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How Manufacturers Can Reduce Sales Tax Audit Assessments

Here are three quick tips for manufacturers to help minimize assessments during sales tax audit. 

1) Look for overpaid taxes

 It sounds crazy but why not?  Hire a qualified sales and use tax firm to conduct a reverse audit as soon as the auditor leaves.  You’ve already pulled the records for your sales tax audit and (hopefully) organized the data. The threat of triggering an audit is gone. Plus, reverse audits are conducted on contingency so no money comes out of your company’s pocket.  Why not find out if you can offset any sales tax assessments by recouping overpayments?  

 Auditors focus on finding the underpayment of taxes.   If you can present the auditor with invoices on which tax has been overpaid, your assessment can be reduced and you may even end up with a net refund.

How Manufacturers Can Reduce Sales Tax Audit Assessments

Here are three quick tips for manufacturers to help minimize assessments during sales tax audit. 

1) Look for overpaid taxes

Lauren Stinson, CMI
By Lauren Stinson, CMI
on January 17, 2017
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