Get Your Sales & Use Tax IQJune 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!
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 firstname.lastname@example.org or 860.570.6492 for more information.