TIPS FOR COUNTY BPOL TAX AUDITS
We saw many of the business owners received county BPOL (Business License) tax audit in December 2019 (Audit Letters still keep coming) . Well planned audit preparations and reading of Gross receipts Exclusions can save lot of money. Here are the some tips and example of exclusions. .
- Any amount paid for computer hardware and software that are sold to a United States federal or state government
- Any receipts attributable to business conducted in another state or foreign country in which the taxpayer (or its shareholders, partners or members in lieu of the taxpayer) is liable for an income or other tax based upon income.
- Salary and wages paid by staffing firm for temporary staffing to other organisations
List of exclusion are tricky and well planned audit can save lot of money Pl read all BPOL regulations and planned accordingly.
Non planned audit can cost you lot of money