The State of Texas is now routinely conducting Sales Tax Audits of businesses. Hence it is important for Texas based businesses maintain their Texas Sales Tax related activities up to date. As the probability of your business coming under an audit from the State Comptrollers’ office has increased almost 60 % it is advisable to have an Exposure Review prior to a potential Texa sales tax audit.
HR Shaikh Seyar, CPA (http://www.hrshaikh.com) one of Houston’s largest 25 accounting firms can help. Texas Sales Tax Audit Exposure Review is very important to determine what could be your potential tax liability could be if an audit is conducted on your company. The review will be helpful in correcting issues, if any. The sales tax audit review is a great tool to ensure the safety of your company in event of an audit. HR Shaikh Seyar CPA’s team of professionals will help to determine any necessary changes that may be needed if an audit gets conducted. The team pays personalized attention to each and every client and offers customized solutions that will help to minimize the tax liability in an audit process.
As a business owner it is important to note that once your company faces an audit that has resulted in a deficiency assessment, the possibility of your company getting targeted for audit increases many folds. Hence our audit help will be of enormous help to you for being prepared for the coming eventuality. Therefore make sure that you are able to get it right in the first time itself and not face an audit the second time from the State.
Our expert and proficient team will undertake many tasks during preventive audit such as,
Reviewing the record keeping and accounting of the company. They will make sure that all your records are proper and in order:
The team will review taxability issues;
They will review and evaluate the Sales Tax Return preparations done by the company.
Keeping them up to date is mandatory in case of a looming audit;
Calculate approximate Sales Tax Liability exposure in case of an audit.
Though the above list includes majority of points that our professionals will cover, there may be many other customized solutions that will be provided according to the company. According to the client’s requirement, each case will be reviewed by our professionals and experts and hence client specific solutions will be offered.
As clients are busy in the other aspects of the company, we at HR Shaikh, Seyar CPA provides complete taxing and auditing solutions for Oil Royalties, Business Valuations, Fairness Opinions, and other complex accounting issues. For more information on HR Shaikh CPA please call (713) 328-4000 or visit http://www.hrshaikh.com
Source: EmailWire.Com