Read the terrifying tale of a start-up CEO who made A Terrible Mistake!
To conserve funds, he had his office manager prepare his customer billing. He could have paid Engine Room an extra 500 bucks to do it — but he didn’t.
Then his office manager misclassified taxable items as non-taxable. And didn’t keep data to support the non-taxable claim…
The phone rings in the dead of night…it’s the Department of Tax and Fee Administration…they’re being audited!
Now the CEO has to pay sales tax experts and Engine Room to clean up the mess. Engine Room recalculates the correct sales tax. Assembles supporting documentation. And works with the tax experts to present the company’s position to the auditors.
The start-up gets hit with gruesome penalties. They pay fees to the tax experts and Engine Room. And they owe the original unpaid tax! Total damage — $20,000!
Don’t let this happen to you — Hire Engine Room today!