Topic: What You Need to Know About Sales & Use Taxes
Guest: Rich Vallari, CPA, Southwest Sales Tax Solutions
In this episode we discuss:
The different between sales and use tax
Whether you should file for use tax even if your service is not taxable
Why the statute of limitations is important
Who should consider filing a $0 return
Examples from Rich's clients
A tool Donnie uses to capture vital information in case of an audit
A client story Dan and Rich worked on together in Massachusetts
The power of proper representation
What a reverse audit is and when you would use it
Common mistakes companies make and the importance of record keeping
A review of a Michigan Supreme Court case called TruGreen v. Michigan
Rich Vallari, CPA, Southwest Sales Tax Solutions: 702-233-0049
Notable: "As states look for revenue, they're going to start taxing services, and I think pest control companies are going to be one of those services." —Rich Vallari, CPA
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