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Once the auditor has completed their work, they will conduct an Exit Conference to explain the audit procedures and findings including a description of examined records, audit procedures used, explain your rights and remedies, and educate you as to proper procedures to follow in the future.  The auditor may attempt to collect the amount that they have determined is due. Don’t feel pressured here.  You do not have to pay the assessment at this time. However, interest will continue to accrue on the final amount that is due.

 

BUT WHAT IF THE AUDIT IS WRONG?

What if you disagree with auditor’s findings?  Don’t pay the assessment until you’ve had a professional look at the audit and make sure that it’s correct. Interest and penalties will be adjusted relative to the final tax amount due.  Brown Goertz & Co. consultants have the experience, knowledge and unique ability for reviewing sales tax audits; reducing some audits by tens of thousands to millions of dollars.  This audit is too important to your business and to you as an executive or owner of the business.  It could mean the difference between making a profit this year or showing a loss and being in debt for many years to come.

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  • Sales Tax Recovery.
    Know your rights.

    You have the right to appeal your audit by filing a Petition for Redetermination Hearing and Statement of Grounds. This filing is due within 30 days of the billing date of your audit and will be stated on the front page of your audit bill. There are specific rules to filing for a redetermination hearing and consulting with an experienced, professional tax consultant should be considered if you wish to appeal your audit. It has been our experience that 80% of all Texas Sales and Use Tax audits are incorrect. It doesn’t hurt to have someone take a look at your audit to make sure it’s right before you pay it. Chances are, it’s not. Contact us for a free review of your audit and potential reductions available to you.