What Should a CPA Know About Sales Tax To Help Their Clients?

The SALTcast

Sales tax compliance can be a major burden for a business. As a CPA your clients are looking to you as a trusted advisor and mentor to help them navigate any and all tax issues. If your clients lose sleep over sales tax, you may find that you probably do, too.

There’s a lot to know, and it can be taxing (no pun intended) to stay up to date while doing all the other functions of your job.

That’s why we have come up with a simple approach in helping your clients stay compliant so they can avoid exposure. We put together this quick guide created for accountants, bookkeepers and CPAs to help keep their clients compliant.

Today we discuss the 3 most important questions to help give you a clear picture of your clients tax responsibility and potential liability.

Additional Questions Answered:
Does my client have economic nexus?
Does my client have physical nexus?
Is what my client sells taxable?
Is my client responsible for collecting sales tax?
Being a good mentor and consultant is knowing when to ask for help. We have a few resources we are happy to share with you. Please utilize our state-by-state nexus guide and we will respond indicating whether there's an issue in that state or not; we will provide the background about that state. We are also available to help guide you through any further questions you may have through our free “What’ Next Call” and we can provide more education. Even if we don’t have a partnership or agreement, we are always more than happy to provide guidance and peace of mind for you and your clients. There is confidence in collaboration, and we are ready to collaborate.