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Get Your Sales & Use Tax IQ

June 25, 2014

Dealerships must comply with an excess of regulations. Compliance can at times seem daunting and the financial risk of noncompliance with some matters may be trivial. However, one of the biggest risks facing Connecticut auto dealers is a sales tax audit. There are numerous sales tax issues involved in operating an automobile dealership that are often not known or long since forgotten about. Recent audits by the Department of Revenue Service have resulted in significant tax assessments, interest and penalties for Connecticut Dealers.

If faced with an audit, how would your dealership do? Don’t wait for a DRS audit, take our sales & use tax IQ test to find out!

Take the Sales & Use Tax IQ Test Now!

Looking for a more comprehensive solution? Consider having the professionals at BlumShapiro review your sales tax compliance to make sure your dealership will avoid costly assessments, interest and penalties in the event of a DRS audit.  Please contact Rick Parmelee at rparmelee@blumshapiro.com or 860.570.6492 for more information.

 

Advisors | Auditors | Consultants | CPAs - Blum Shapiro is one of the premier public accounting firms in the northeast and a Top 100 CPA Firm in the U.S. Our professionals serve businesses, individuals and organizations in Boston (MA), Hartford (CT), Cranston (RI), Shelton (CT) ,Quincy (MA) and Newton (MA) with audit, tax and business consulting services. Our firm has developed practice areas in automotive, construction, education, government, healthcare, hospitality, manufacturing, nonprofit organizations and professional service firms. New Haven CT, Fairfield CT, Norwalk CT, Waterbury CT.