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The Benefits of a Reverse Audit for Sales and Use Tax Consulting

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affeldtsalestax
The Benefits of a Reverse Audit for Sales and Use Tax Consulting


As your sales and use tax consulting firm, we at Affeldt Consulting have the expertise to handle all of your sales and use tax audit and litigation needs. With our years of experience and expertise in the field, we know exactly how to minimize our client’s financial risk if they are audited, which could save our clients thousands of dollars in unnecessary fines and penalties.


A reverse audit is an audit that takes place after the tax return has been filed. Unlike most audits, where the IRS starts by looking at records from the prior year, a reverse audit starts by looking at records from the current year. It's also known as an examination or a post-filing audit. A Reverse Audit can help uncover errors in deductions or missed income on your part. It can also identify products that are not taxable, which might be passed along to customers who don't know they're paying sales tax.


Affeldt Consulting offers this service to all clients who need assistance with their tax returns. We take pride in helping clients achieve their goals, even when those goals mean giving up some privacy in order to ensure your taxes are filed correctly and completely. specializes in multi-state tax consulting and our goal is to provide you with accurate and timely advice so you can better plan your future. With over 15 years of experience between us, we are confident in our ability to meet any needs you may have. Let us give you a free consultation today! Affeldt Consulting provides Minnesota businesses with affordable and professional guidance. No matter what size company, there will always be something to learn about how sales and use tax laws affect your business and how to reduce costs without impacting quality. Whether it's about assessing risk factors for your industry or locating loopholes that could save you time and money, Affeldt Consulting can help.


If your business operates only in Minnesota, then you'll still need to pay close attention to out-of-state sales because state law says you owe taxes on goods shipped into Minnesota from other states. States like California make it difficult for retailers who live outside of the Golden State to understand if they have a duty to charge California sales tax on online purchases made by California residents. Some states like Oregon allow residents of other states to purchase items without being charged sales tax while others like Arizona require nonresidents purchasing goods within their borders to pay the state’s 8% general rate plus local rates collected by individual counties and municipalities Reverse Audit . Every state sets its own rules for determining what goods are taxable, so you should contact your own state's department of revenue office to find out more. These rates differ across the country and depending on where in America your business operates, different policies apply. That's why it is important to hire a qualified consultant such as Affeldt Consulting LLC who understands these complexities and knows how to navigate them accordingly.


We offer competitive pricing, excellent customer service and fast turnaround times. Contact us now to get started. Affeldt Consulting LLC, is a Multistate Sales and Use Tax Consulting firm in the Minneapolis area. Our team consists of Licensed CPAs, Certified Public Accountants, and Sales and Use tax consultants to assist your business throughout the process. We specialize in providing comprehensive services related to accounting, finance, payroll, tax and assurance. Our team works hard to maintain high standards of excellence for themselves and for our clients. Give us a call today to get started! Affeldt Consulting, a Minnesota-based Multi-State Sales and Use Tax Consulting Firm, focuses on assisting clients with their sales and use tax obligations. We specialize in providing our clients with accurate and timely tax advice so you can better plan your future. Affeldt Consulting's mission is to exceed expectations by providing exceptional customer service and offering innovative, relevant solutions for your business' unique challenges. We are dedicated to serving each client with dedication and enthusiasm. Call us today to speak to one of our experts or schedule an appointment with us online. You won't regret the decision. Affeldt Consulting LLC is a Minnesota-based, multi-state sales and use tax consulting firm.

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