Sales and Use Tax Process Reviews
Sales and use tax underreporting and overreporting can be the product of faulty internal controls and procedures. Genetelli evaluates the sales and use tax compliance function of its clients to determine whether the function allows for the proper collection and remittance of tax. The Firm reviews the recordation of information by the client, and the flow of the information to the tax returns. The Firm also assesses taxable and nontaxable items, and whether appropriate documentation is maintained to support nontaxable status. Our assessment includes whether use tax is properly being reported with respect to taxable purchases. We then provide recommendations to improve compliance controls, simplify compliance procedures, eliminate overpayments and underpayments, and mitigate potential exposures.

• Internal Control Evaluation
• Taxability Determinations
• Documentation and Support
• Recommendations to Improve Compliance System

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