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What’s My Company’s Role in a Reverse Audit?

Reverse audits provide companies with internal checks of sales and use tax determinations and procedure assessments to identify overpayments. These reviews are the best way to identify and recoup overpaid taxes, as well as learn how to stop the overpayment cycle. But what is the role of company employees in a reverse audit?

What’s My Company’s Role in a Reverse Audit?

Reverse audits provide companies with internal checks of sales and use tax determinations and procedure assessments to...

Nellie Vigneron
By Nellie Vigneron
on April 23, 2019
Maintenance for Manufacturers: The Black Hole for Sales Tax

Manufacturers need to maintain an inventory of maintenance, repair, and operating (MRO) supplies to keep machinery and...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on September 20, 2018
Manufacturers: Do Your Vendors Have Valid Exemption Certificates?

Many manufacturers think that everything they purchase is exempt from sales and use tax; however, this is a common...

Taylor Atwood, CMI
By Taylor Atwood, CMI
on September 19, 2018
How a Reverse Audit May Make You a Hero

Be the hero of your company by finding cash that may be used to fund your boss’s wish list project or launch management’s...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on March 15, 2018
How a Reverse Audit Recouped $1M for a Manufacturer

Can reverse audits really result in significant refunds for manufacturers?  Here’s an example of a reverse audit that...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on March 13, 2018
Key Concerns About Sales Tax Nexus for Manufacturers

Sales tax nexus has been an issue for manufacturers for a long time. Today it's even more complex with the soon-to-be...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on November 15, 2017
Use Tax Pitfalls of Centralized Accounting for Manufacturers

In today’s economy, multi-location manufacturers are faced with the increased burden of cutting costs by choosing between...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on September 21, 2017
Understanding Consumable Supplies Sales Tax Exemptions for Manufacturers

Consumable supplies offer great money-saving sales tax exemptions for manufacturers.   The challenge is understanding the...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on May 26, 2017
Video: What is Sales and Use Tax for Manufacturers?

If a manufacturer is buying taxable purchases, tax must be remitted to the state.  If the vendor has nexus in that state,...

Lauren Stinson, CMI
By Lauren Stinson, CMI
on May 16, 2017

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