Sales tax due diligence is a critical aspect of any business acquisition or merger. It involves a thorough investigation and analysis of the target company’s sales tax compliance and reporting history to identify any potential liabilities or risks.
At THE ACCOUNTANTS, we offer sales tax due diligence services to help companies navigate the complex and ever-changing regulatory landscape. Our team of experienced tax professionals has extensive knowledge and expertise in sales tax compliance across multiple jurisdictions.
We begin our sales tax due diligence process by conducting a thorough review of the target company’s sales tax returns and filings. We analyze sales tax data from multiple sources, including sales and purchase invoices, general ledger transactions, and other financial records.
Our team also reviews the target company’s compliance with state and local sales tax laws and regulations, including the collection, reporting, and remittance of sales tax. We examine the company’s sales tax nexus and any potential exposure to sales tax liabilities in various jurisdictions.
Through our sales tax due diligence process, we help companies identify any potential issues or risks related to sales tax compliance that could impact the success of an acquisition or merger. We provide detailed reports and recommendations for addressing any identified issues and improving overall sales tax compliance processes.
In addition to sales tax due diligence, we also offer a range of other sales tax services, including sales tax registration and filing, sales tax audit defense, and sales tax planning and strategy. Our goal is to help companies minimize their sales tax liabilities while ensuring compliance with all applicable laws and regulations.
It’s essential to understand that sales tax compliance is a complex and ever-changing area of tax law. Failure to comply with sales tax laws and regulations can result in significant financial and legal consequences, including collection actions and tax liens. Therefore, it’s essential to work with experienced and knowledgeable tax professionals who can help you navigate this complex area of tax law.
At THE ACCOUNTANTS, we are committed to providing our clients with the highest level of sales tax compliance and advisory services. We leverage the latest technology and industry best practices to help companies simplify and streamline their sales tax compliance processes while minimizing their tax liabilities.
Whether you need assistance with sales tax due diligence, sales tax registration and filing, or sales tax planning and strategy, we have the expertise and experience to help you achieve your goals. Contact us today to learn more about how we can assist you with your sales tax compliance needs.