Taxes have implications for businesses throughout their life cycles. Some common business activities affected by taxation include:
In addition, not properly complying with sales and use taxes and tax exemptions subjects companies to penalties and fines. Our clients have access to attorneys with an intimate understanding of taxation rules and regulations and how to use tax laws to benefit you or your company. If you happen to be selected for an audit, inquiry or other proceeding by the Internal Revenue Service, the Pennsylvania Department of Revenue or other taxing authorities, we help you prepare and are by your side at any audits or hearings. We also handle appeals of the audit results through the administrative appeals process and into the court system if necessary.
Sales Tax and Use Tax Reviews
In 2018, the Wayfair Supreme Court decision overturned the long-standing ‘physical presence’ nexus standard for sales and use taxes established under Quill v. North Dakota in 1992, allowing states to impose sales and use tax collection and remittance obligations on remote sellers based solely upon their economic activity in a state. Now, if you sell into a state, you must collect tax versus before when you only needed to have a physical presence. This adds a layer of complexity for businesses.
Tucker Arensberg provides clients with a complimentary sales tax and use tax review. This review is an analysis of the business along with recommendations, and it is free of charge.
For more information about which businesses the audit is most useful for, and how it will benefit your business, click here to download our one-page document.
Review of Employee Retention Tax Credit (ERTC) Claims
November 21, 2023
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