If you received a notice of a sales tax audit from the Nevada Department of Taxation, you could be subject to pay tens of hundreds of dollars in sales tax liability. But with the expert assistance from professional tax representative, you could avoid ending up with an unfavorable assessment and avoid future audits.
Whether you have been notified of an audit or interested in contesting the auditors’ assessment, let Nevada Sales Tax Helper LLC protect your rights and best interests throughout the process. Our team is comprised of former auditors, veteran sales tax consultants, and attorneys with decades of experience handling state sales tax audits in for residents of the Silver State.
Nevada Sales Tax Helper LLC provides the following sales tax audit services:
If you are facing a sales tax audit in Nevada, contact us today at for experienced and professional sales tax services.
The Nevada sales tax audit process starts with a notice from the Department. Then, an initial meeting with state auditors will be held to disclose the reasoning behind the audit.
Once the Department develops an audit plan, the auditor will review three to four years’ worth of your books and records. Upon completion of the audit, the auditor will hold an exit conference and provide a final assessment. If you disagree with the auditor’s findings, you have a short timeframe (generally between 30 to 60 days) to protest the assessment.
Whether you are dealing with a sales tax audit or interested in protesting the auditor’s findings, our team at Nevada Sales Tax Helper LLC. We understand what it takes to obtain the best possible outcome for our clients.
Rather than pay hundreds of dollars an hour for a sales tax lawyer, we provide equivalent services with flexible fixed fee pricing, so you know what you are getting from our professionals upfront. We are ready to handle your sales tax problems and be part of your team!
A:You inadvertently waived a red flag or your company landed in the small percentage selected for a random sales tax audit. These red flags include: Cash-based businesses, prior audits that resulted in owed sales tax, your sales reported to the state didn’t match what you reported to the IRS, a high volume of exempt sales, filing a refund claim, or a high number of credits. There’s also a possibility that your business happens to be in an industry that your state suspects rampant under-reporting. Often times, they will target industries effected by complex sales tax laws.
A:1. RESPOND to the notice; 2. Get organized; 3. Identify/hire your audit manager; 4. Notify your auditor of who they will be corresponding with; 5. Compare your sales tax returns against the federal tax return; 6. Test at least 1 month of exempt sales; 7. Reconcile your sales tax payable account versus your sales tax payments; 8. Review your fixed assets purchased — did you pay sales tax on them?; 9. Review your purchases on your key expense accounts to ensure tax was paid on your purchases.
A:Audit duration can vary dramatically from state to state and from business to business. Waiver issues aside, an audit generally takes 3-7 months to complete. Surprisingly, some audits can drag on for a few years. Time factors usually swing on the size of the company, the ability to produce reliable and organized documentation, and the level of sophistication of the business.
A:We all enjoy the occasional DIY project, especially when it saves us money. Before opting to go that route, consider the risk vs. rewards involved. Avalara recently conducted a study and found that the average sales tax audit costs around $115,000. When facing a sales tax audit, it is beneficial to have someone with knowledge of the financial implications on your side. That is where sales tax professionals, such as those at Sales Tax Helper LLC, can save you a lot of heartache and money by avoiding a few missteps.
A:TaxJar, Vertex O Series, Avalara, Vertex Cloud, Quickbooks, Proconnect Tax Online, Canopy, ONESOURCE, Sovo Intelligent Compliance Cloud, Intuit Lacerte, CCH SureTax, SS&C Advent Axys, Vertex Payroll Tax Q Series, Bloomberg Tax Advantage, VATBox, CSC Corptax Compliant, Oracle Tax Reporting Cloud, TaxCloud, Fast Enterprises, GenTax, Fast Enterprises FastUI, SAP Tax Compliance, Taxify, and ESKORT Compliance Solution.
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