Why Do Liquor Establishments Need My TABC Liquor Tax Consulting Services?
[You may report and pay tax on all of your sales, operate your bar professionally, have complete records and good internal control policies in place, however, the TABC liquor tax audits are based on your liquor, wine and beer purchases, and, not just your reported sales. Texas State Liquor Tax Laws state “MIXED BEVERAGE LIQUOR TAX LICENSE HOLDERS OWE, THE 14% LIQUOR TAX, ON ALL LIQUOR, WINE, AND, BEER VENDOR PURCHASES UNLESS THEY CAN PROVE THE ITEMS WERE NOT SOLD”!! The state auditor will either sample or detail your audit using a liquor tax software program that calculates what your sales should be from the purchases made. They will then compare the estimated sales to what you actually reported on your tax returns. If there is a difference they calculate a percentage error rate to use in projecting additional taxable sales for your entire audit period. Needless to say, over 50% of taxpayers end up owing tens and even hundreds of thousands of dollars in additional tax, penalty and inte
