Cash is King: Minimizing Audit Risk to Protect Cash Flow

Tax audits are increasing in pace, scope and severity as a result of the economic conditions. According to KMPG, 92% of businesses are reporting increased audit pressures due to the economy.

Cash strapped states will remain aggressive in the coming years as they try to recover from dramatic revenue shortfalls. If you don't build a proactive defense to sales tax audits, your company's cash reserves are at risk at time when cash is king.

Readers of this white paper will learn:

  • How to preserve cash before, during and after a tax audit;
  • Steps finance professionals are taking to get ahead of tax audits;
  • Examination of rising compliance costs as a result of the economic downturn.

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