Tag Archives: #HospitalityTaxCompliance

Tax Audit Report for Hotels: What compliance measures should Lodging–Hotels, Motels, Resorts follow to avoid tax audit issues?

Tax Audit Report for Hotels   Here are some compliance measures that lodging businesses should follow to avoid tax audit report for hotels issues: 1. File your tax returns on time and accurately: This is the most important thing you can do to avoid an audit. The IRS is more likely to audit businesses that… Read More »

Tax Compliance for Hotels: Penalty and due date of tax audit report for Lodging–Hotels, Motels, Resorts

Tax Compliance for Hotels   Failing to meet the deadline for submitting a Tax Compliance for Hotels – lodging, motels, and resorts sector comes with its financial repercussions. A late filing incurs a penalty of Rs. 1000 per month or fraction thereof, accumulating up to a cap of Rs. 5000. This is a significant consideration… Read More »