Top Tweets for #AccountingFail

People love hearing about failure- well here is another one: The time Ridge double paid sales tax to the tune of $1,000,000! In 2019 we started selling on Amazon. As you know, amazon collects and remits sales tax on your behalf- one perk as a FBA merchant. We were using avalara for our .com sales tax, and just a local CPA firm. The firm was fine, not a big name, didnt have ecom experience, but did car dealerships in the area. Well- Avalara reported a number for our total sales across everything for 2019. And the local firm would file and pay sales tax. Avalara was showing our total burden, including what was prepaid by amazon. The CPA didnt know this... And I double paid all sales tax on amazon in 2019. I am STILL, TO THIS DAY, chasing down a refund from these states. Fast to take your money, slow to return it. Ive gotten maybe $500,000 back. The other $500,000... maybe before 2028? Lesson here- 1- fuck avalara. they suck. I am leaving them ASAP. 2- pay for an industry specific CPA. Dont trust your buddy or your family friend. Pay up for a big firm, its worth it.