Sales Tax Audit

A sales tax audit is an official review by tax authorities to verify that a business has accurately reported and paid the correct amount of sales tax. They examine records, receipts, and filings to ensure compliance with tax laws. The process helps prevent fraud and ensures businesses contribute their fair share. If discrepancies are found, the business may need to pay additional taxes, penalties, or interest. Overall, a sales tax audit promotes transparency and trust in the tax system, ensuring that both businesses and government fulfill their financial responsibilities.