Sales Tax Audits

A sales tax audit is a review conducted by tax authorities to ensure that businesses are accurately collecting and remitting sales taxes on their sales. During the audit, officials examine the company's records, transactions, and sales tax returns to verify compliance with tax laws. The goal is to ensure businesses are paying the correct amount of sales tax and to identify any discrepancies or potential fraud. If issues are found, the business may owe back taxes or face penalties. These audits help maintain fair tax practices and ensure local governments receive the revenues they need to operate.