Streamline your sales audit process for Legal Services

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the sales use tax is pretty often right now at a state level and I have a couple slides on here common trigger on the sales and use tags and also uh when do you have the you know the sales tax this is related to inter Interstate selling because this is the big part of the audience so let's say if you're doing selling online this would apply to you I have another webinar that talks about the online sale so that covers similar information so I'm not going to cover it right here and I want to talk about how to avoid sales tax audit and number one you want to make sure that you file your sales tax timely and in the state of Iowa and the the filing deadline just start changed right it used to be some of the sales tax some you know sales tax um business the business who submits sales tax it is quarterly due so you only need to file every quarter and but now since July 1st they change everybody to monthly so you don't want to be late and make sure you submit monthly even though it is very little amount right filing sales tax on time is one of the best way to avoid taxes to avoid tax audit right and of course keep good records of sales while I say good records and I really think that in today's world don't try to write things down anymore and use POS system you know but of course you and POI system I'll tell you that there is a big case in Minnesota where someone was uh some group of people start up a business to produce this uh this POS system that actually doesn't record transaction properly so they're going around the places to sell these kind of POS system When government found out everybody who used that POI system can audit it and of course these people got charged and the the owner of the POI system actually in jail but the thing is that you know when we are in business folks I know it's kind of you know for me to say this and maybe you felt like okay you just you know it's such a cliche and you you don't really you know you I don't want to hear you saying that but I want to tell you that if you want to run a legitimate business and you want to organize your Affiliates and knows your people who are actually serious with their business too they are business people they really are not serious they come in they make big dollars and they're gone and you don't think I see these people and I come across them okay they're not serious as doing a long-term business so what they want is one-time thing and even if it is wrong they don't care because they're gone right and you know you and I and we are citizens of the country and you have your proper Social Security numbers and you have your record established you have your business that you could pass on to Generations or you could sell it for a good price and whatever you do it requires you to really be serious of what you do with your everyday business record and I want to just say that because maybe if I say million times then people start listening to me and because I have seen too many people wanting to do shortcut is not worth it but of course I'm not at the Liberty to tell you oh this company did not that client did that and they got you know this woman in jail that one what it's just that's not information I can just give to you right here on the webinar but I'll tell you that I see them I knew they are there and I work with them I tried to help them but some of these people are not really they don't have the longer vision and I hope that when you are in business you are not you're not sure of the longer region right so have a proper POS system track your sales record by government walking into your store all you need to do is give me your give me your thumb drive and I'll load my data you go home to check it and wouldn't that be cool that is so handsome right I just think that feeling is just so good so worth it and I know the different type of sales that's another thing if you are in business like a restaurant you know your tips are not subject to you know sales tax so make sure that you account them separately and make sure your equipment and your dishes and your tables the equipment that you bought for the restaurant that subject to use tax I know some of you would get those things from Mexico and from Asian country when they come in and they did not pay sales tax for whatever reason so if that is the case you want to make a form pay you stats because that is important when you get audited you know why the auditor won your asset schedule is because they want to see how many use taxes you should pay