COVID-19-Related Government Budget Deficits May Spur Aggressive Payroll and Sales Tax Audits
Modern Restaurant Management
AUGUST 10, 2020
Although the IRS and state taxing authorities have initially slowed their pace of audit activity to protect the health and safety of their own employees during these turbulent times, this is only temporary. Additionally, while some accountants only require restaurants to provide sales ledgers showing cash and credit totals of taxable, non-taxable sales, and tips for each day to prepare sales tax returns, these records may not be enough to escape a potential sales tax audit unscathed.