Per State/Multi-Price Below
Concerned as to where you should be collecting sales tax? If you do not collect where you are supposed to, it could be money out of your pocket
What is nexus? Nexus means a connection with a state. If you have a physical presence (employees, independent contractors, inventory, or use a 3rd party fulfillment service), you likely have nexus in a state. If you are not proactive in collecting sales tax, it could be money out of your pocket when the state gets wind of it.
Nexus study: Nexus standards are different in every state, and a nexus study identifies where your company has nexus and sales tax exposures. Sales Tax Helper LLC’s sales tax nexus study includes reviewing and analyzing all pertinent sales records and other relevant records that may trigger nexus. At the conclusion, we provide a chart showing which states you have nexus and a plan of action, which may include registering for sales tax, voluntary disclosures, or state amnesty programs.
Voluntary disclosure pricing:
- Up to 5 States - $2,500/state
- 6-10 states - $2,250/ State
- 11-15 states - $2,000/state
- 16-20 states - $1,750/state
- 21+ state - $1,500/state
Fight a Penalty
- Need a pro to negotiate a payment plan on an outstanding liability?
- Need our team to challenge a penalty issued by the state? We can file a letter to contest a penalty you received - $1,000
- We can handle it all. We file a penalty abatement letter and negotiate payment terms for your sales tax liability and/or penalty - $1,500
Q:What triggers a tax audit?
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.
Q:How do I prepare for a sales tax audit?
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.
Q:How long do sales tax audits last?
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.
Q:Can I do this myself or should I hire a sales tax lawyer or a sales tax consultant?
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.
Q:What accounting software and services do you work with?
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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