As the CEO of a financial and accounting services firm, I've spent years guiding businesses through the often-complex world of sales tax compliance. Over time, I've seen firsthand how mishandling ...

n a sales and use tax audit, a state revenue auditor reviews a business to determine if state sales and/or use taxes were properly collected and paid. A sales and use tax “reverse audit,” which is ...

Although the presumption in an audit is underpayment of taxes and taxes owed, there are a number of reasons why many sales tax audits result in refunds. When you consider the EBITDA of most companies ...

The Bureau of Internal Revenue (BIR) ended the two-month suspension of tax audit activities after issuing Revenue Memorandum Circular (RMC) No. 8-2026 and Revenue Memorandum Order (RMO) No. 1-2026.

As businesses prepare for the year ahead, they typically set ambitious growth goals. Whether it’s expanding market share, increasing revenue, or streamlining operations, 2026 is the perfect time to ...