Understanding Exempt Transaction Analysis | LumaTax
Once a client files a sales and use tax return in a jurisdiction, you may see a series of exempt transactions in the data, and oftentimes it’s hard to figure out why those transactions were exempt.
Learn more about exempt transactions in this video to understand why your firm should address any normally taxable transactions where no sales tax was collected.
--------------------------------------
About LumaTax
Our mission is to provide CPA and accounting firms with the tools and technology they need to effectively serve their SALT clients in a regulatory environment that increasingly exposes US businesses.
Learn more: https://www.lumatax.com/cpa-firms