View Single Post
Old 03-25-2011, 10:43 AM
zimmatic zimmatic is offline
LawnSite Senior Member
Join Date: Dec 2007
Location: Minnesota
Posts: 405
Small Axe

Please do not take this the wrong way--Just advice.

Its only a matter of time until you get audited. I knew my day was comming 3-4 years ago. Everyone was being audited, and my cpa confirmed that also. My day arrived and they didnt look at anthing on my tax returns. I locked them out of all things in my quickbook except for invoices and income statements. It took 1 day for them. Plus they had to do the adit at my cpa's.
The state of MN is in a finacial mess as I hear WI is also. According to my CPA the state has hired an additional 50 auditers just for sales tax.
If you are good at the invoice pad thing--great. I know I could never do it because to many items that get taxed and dont get taxed and diffrent taxing area's. I have 6 diffrent sales tax rates to track, collect and break out for the state.

Again, this site is for sharing information. This is my 2cents
Reply With Quote
Page generated in 0.04018 seconds with 8 queries