Retail Business Owner Can Expect A Visit
Author: Keith Huggett
The State Board of Equalization has recently sent out a news release stating that their Statewide Compliance and Outreach Program will be sending out teams to visit retail businesses throughout the state. If you own a retail business you should be receiving a letter from the Board sometime soon.
The teams will only be going to specific zip codes throughout California at this time, although the Board intends to visit every retail establishment in the state, given enough time. Cities included in the current exam include Bakersfield (93301), Baldwin Park (91706), Boulder Creek (95006), Cambria (93428), Carpinteria (93013 and 93014), Culver City (90230 and 90231), North Hollywood (91601), San Jose (95134 and 95136), San Juan Capistrano (92675 and 92691), Sutter Creek (95685), and Volcano (95689). For more detailed information on this program, please take a look at our white paper The State Board of Equalization's Statewide Compliance & Outreach Program - Coming Soon.
The main purpose of this program is to ensure compliance with our state's sales and use tax program. The Board of Equalization collects more than $53.7 billion dollars annually in taxes and fees supporting state and local government services. According to the BOE, under-reporting and non-compliance are responsible for more than $2 billion dollars in uncollected tax. By sending teams out to confirm that you are reporting accurately or correcting your reporting the Board is able to lessen the amount in uncollected tax.
If you feel any anxiety prior to your upcoming visit by the Board of Equalization, please feel free to contact us. The specialists at the Tax Office, Inc., can assist you with your sales and use tax compliance before your scheduled meeting with the BOE, or after your meeting to help make certain you are in compliance with the state requirements.
