Safeguard your business with Expert Sales Tax Audit Representation

The need for professional sales tax audit services

A sales tax audit can be important for many reasons. For instance the inconsistent data of your sales record, tax filings or an audit by the State Department of Taxation and Finance (NYSDTF). Therefore, audits can result in significant penalties, fines, interest if they are not managed with care.

Therefore, for businesses in NYC, there is an increased need for sales tax audit because of the city’s tax regulations coupled with state laws. To tackle this tough scenario, Black Ink provides you a helping hand as we share our specialized knowledge and a team of experts dedicated to safeguarding your business’s operations.

Our Sales Tax Audit Services are here to provide you the peace in terms of making you completely compliant with state and local tax laws and reducing the ever increasing risk of audit related concerns. Here is what you’ll get when placing your trust with Black Ink:

Precise Sales Tax Filings

We assess your previous sales tax returns to make sure they don’t compromise on the accuracy, therefore, identifying any significant error or inconsistent practices.

Expert Audit Representation

We safeguard your business when audits are conducted to minimize unnecessary interruptions.

Penalization and Interest Minimization

We strive to minimize penalties for your business, interest rate and additional tax liabilites that can result from an audit

Reduced Tax Liability

Finding out the expected sales tax exemptions and reductions that can minimize your tax burden.

Our Sales Tax Audit Services Offerings

The sales tax audit services we provide in NYC provided coverage of all the parts in an audit, from initialization to the resolution. We provide a detailed option of services to facilitate you at every step of your audit journey.

Before Audit Review and Risk Management

This is the first step in an effective sales tax audit. Our experts undertake a detailed inspection of your firm’s financial proceedings, sales tax filings and operational functions. This step is made to find out the areas that can cause problems during an audit or cause discrepancies. Following are the elements of out pre-audit review:

Recognizing potential risks

Our team of professionals can easily find out the aspects that can come under the spotlight of the tax authorities, this can be the inaccurate categorization of taxable goods or services, etc.

Calculation of Tax Liabilities

By using our services, you can get a clear picture of significant tax accountability, allowing you to cater problems before they become significant enough.

A Detailed Inspection of Sales Tax Filings

We take in review the previous sales tax returns on the basis of preciseness, therefore, identifying prospective errors.

Inspection of Business Practices

We check your sales tax proceedings, making sure your conforming to New York’s sales tax regulations.

Sales Tax Audit Representation

If your business has been shortlisted for an audit concerning sales tax, our professionals will appear for you in the entirety of this process. Think of us as a liaison in accordance with the New York State Department of Taxation and Finance. These are our services for sales tax audit representation:

Interacting with Auditors

This includes the management and interaction with tax ruling authorities, thus, minimizing the stress and strain on your company’s staff:

Document acceptance and evaluation

We make sure that all of your mandatory documents are submitted on time, reducing the risk of stalling and penalization.

Management of Audit Logistics

We arrange and manage all audit activities like facilitating required documents, arranging meetings, and answering questions from the auditors.

Audit Safeguarding and dispute management

In the process of an audit, issues can arise that can create opportunities for owing additional taxes, interested. Our audit safeguard implementation aims to minimize the financial loss during an audit and a promising outcome. Here are some of its benefits:

Dispute Management

If there are inconsistencies found during an audit, we aim to solve those issues with the auditors, in a way by competing with them about their objections or interruptions.

Tax accountability minimization

Our professionals work hard to minimize the risk of additional taxes perceived by contemplating overstatement, providing relevant exemptions or using the available credits.

After Audit Support

After your audit has been concluded, our job still remains. We provide exception support to your business in a variety of ways. We carefully understand the audit reports and findings to assist you in understanding the suggestions by the audit team. If there are changes recommended by the audit team, we help in finding the required adjustments are timely made to your firm’s accounting systems and tax management. Furthermore, we join hands with you to enhance the internal proceedings and making sure that future sales tax filings are better and more detailed. We can also provide you insights on conforming and remaining compliant with NYC tax authorities. This includes instructing the staff and operations to be on par with regulatory changes.

Sales Tax Compliance Consultation

Apart from our audit services, we also provide support tax compliance services. We do this by providing long-term sales tax compliance and consultation to make sure your firm is compliant with NYC state tax laws. Here are some of its traits:

• We evaluate and improve the sales tax practices to provide preciseness and efficiency.
• We also instruct your employees for providing the best sales tax compliance and auditing services. This can assist your staff to understand the difficulties regarding sales tax regulations.
• Our professionals are always monitoring updates to New York State and City Tax laws, this ensures that your firm is compliant with the ever changing requirements.