Episode release date: Thursday, Aug. 27
Guests: Corey Deibler, President of KeyTax; Michael Schuenemann, VP of Partnerships & Business Development at KeyTax
Sales and use tax may not be the flashiest topic, but for businesses, it can have a real impact on the bottom line.
In this episode of Shelf Confidence, PFMA talks with Corey Deibler, President of KeyTax, and Michael Schuenemann, VP of Partnerships & Business Development at KeyTax, about reverse audits and why food and beverage businesses should understand how they work.
KeyTax specializes in sales and use tax reverse audits, helping businesses review past payments, identify possible overpayments and work through the process of recovering funds when appropriate. For operators managing busy stores, warehouses, offices and back-end systems, tax compliance can become complicated quickly.
The conversation explains what a reverse audit is, how it differs from a traditional audit and why businesses may benefit from taking a closer look at sales and use tax payments. Deibler and Schuenemann discuss common areas where mistakes can happen, especially when businesses are dealing with multiple vendors, changing rules, complex purchases or assumptions built into long-standing processes.
For Pennsylvania food and beverage businesses, sales and use tax can involve a wide range of operational details. Equipment, supplies, repairs, packaging and other purchases may be treated differently depending on the circumstances. That complexity makes it important for businesses to understand where risk and opportunity may exist.
For PFMA members, this episode offers a practical look at a topic that often stays behind the scenes but can matter in a significant way. The discussion is designed to help operators ask better questions, understand their options and avoid assuming everything is being handled correctly just because a process has been in place for years.
Listen to this episode of Shelf Confidence on PFMA’s social media channels, YouTube, Spotify, Apple Podcasts, the PFMA website and all major podcast platforms.