Rapid or Thorough Review - NJ Sales Tax Audit Assessment
Prior to "signing off" on the proposed audit assessment at the exit conference as conducted by the NJ State Auditor, why not consider obtaining an expedited review (2nd Opinion) of the auditor's findings! NJ State Tax Auditors provide taxpayers with a limited window to not only review the auditor's workpapers, but also to raise any issues or contentions that should be considered by the auditor prior to completing and finalizing the audit assessment. This window of time offers our clientele a potentially significant opportunity to minimize the financial impact of the eminent audit assessment.
After "signing off" on the audit assessment (agreed or disagreed) and if you still are dissatisfied, then please be advised that you have several options to challenge the auditor's findings and associated audit assessments. Click on the link below for additional information.
Challenge a NJ Sales Tax Audit Assessment
NJ Sales Tax Audit & Refund Specialists focuses on these types of matters and will put forth its "best efforts" in total advocacy of its clients. Additionally, please keep in mind that state auditors do not look for tax over-payments, but NJSTARS does! These overpaid taxes, in many cases, may be directly applied as tax credits/offsets to the auditor's findings thereby lowering the audit assessment.
Important Point: Just because an audit assessment is relatively minor doesn't mean that it's "All Quiet On The Western Front" and that the above listed procedure should not be performed. Remember, state auditors are trained to look for tax underpayments only, not over-payments. Accordingly, your firm may be entitled to numerous and possibly significant sales and use tax refunds. This is quite possibly the best time to consider performing a reverse audit and/or a sales & use tax refund engagement. Kindly contact NJSTARS for a further explaination as to why this is so true. Your quick response here is your best option!
After "signing off" on the audit assessment (agreed or disagreed) and if you still are dissatisfied, then please be advised that you have several options to challenge the auditor's findings and associated audit assessments. Click on the link below for additional information.
Challenge a NJ Sales Tax Audit Assessment
NJ Sales Tax Audit & Refund Specialists focuses on these types of matters and will put forth its "best efforts" in total advocacy of its clients. Additionally, please keep in mind that state auditors do not look for tax over-payments, but NJSTARS does! These overpaid taxes, in many cases, may be directly applied as tax credits/offsets to the auditor's findings thereby lowering the audit assessment.
Important Point: Just because an audit assessment is relatively minor doesn't mean that it's "All Quiet On The Western Front" and that the above listed procedure should not be performed. Remember, state auditors are trained to look for tax underpayments only, not over-payments. Accordingly, your firm may be entitled to numerous and possibly significant sales and use tax refunds. This is quite possibly the best time to consider performing a reverse audit and/or a sales & use tax refund engagement. Kindly contact NJSTARS for a further explaination as to why this is so true. Your quick response here is your best option!