A Guide to Sales and Use Tax: You’ll discover vital information on important topics ranging from opening a tax account to surviving a state audit.

Product Description

A Guide to Sales and Use Tax provides information and professional insights on how to comply with a multitude of state laws and regulations. From discovering the difference between how sale tax and use tax are applied to preparing for a state tax audit, you will learn what is required to successfully administer the taxes. In addition, you will also discover some of the most common mistakes businesses make when administering the taxes and how they can be avoided. Whether you are starting a business or are a seasoned tax professional, A Guide to Sales and Use Tax provides valuable solutions to sales and use tax issues that every business should be prepared to address. Here are just a few of the topics covered in the book: •account registration and electronic funds transfers •late payment and other notice of assessments •how to handle over or under collected taxes •determining nexus within a state •managing certificates of tax exemption •preparing for a state sales and use tax audit •conducting a reverse audit.

About the Author

Frank Dufort is a sales and use tax expert with over 16 years of experience working in both the public and private sectors. Early in his career Mr. Dufort worked for the Virginia Department of Taxation where he was responsible for responding to inquiries from taxpayers, lawyers, CPAs and government officials concerning state sales and use tax accounts, laws and notice of tax assessments. While at the Department of Taxation Mr. Dufort was selected to work full time with American Management Systems on a multi-million dollar project to overhaul the Department’s accounting systems, tax policies and internal controls. Mr. Dufort then moved to the private sector where he served as Manager of Sales and Use Tax for a large corporation with over 235 retail locations in 24 states and annual sales totaling more than $1.8 billion. Mr. Dufort’s extensive work experience not only encompasses overseeing the daily sales and use tax processes for the corporation’s retail, wholesale and manufacturing operations, it also included administering sales tax exemptions, writing private ruling letters, requesting waiver of tax assessments and the coordination and supervision of all the business’s sales and use tax audits.