How to Start or Expand a SALT (State and Local Tax) Practice
The first thing you should do NOW, and the one thing you should not do, at least not yet.
The first thing you should do NOW, and the one thing you should not do, at least not yet.
As a part of CPA Practice Advisor's ongoing series, "A Year in the Life of a SALT Accountant," Dallas-based Peisner Johnson LLP offered some key advice to accountants and their small business clients when it comes to activities that can cause them to be exposed to unexpected sales and use taxes in jurisdictions where they may think they are not required to report.
State and local taxes are a complex web of thousands of jurisdictional rules, and it isn't Charlotte waiting at the end of the web. Instead, there are revenue hungry state and local taxing authorities who are looking for back taxes, penalties and interest.