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- Case Study -

Granite City Electric Supply Co. Desires to Stay Ahead of Sales Tax Obligations As Sales Tax Obligations Grow

The Challenge.

Granite City Electric Supply has 100 years of superior distribution of electrical products and with core values of respect, integrity, accountability and pride, it’s no wonder that ensuring compliance is a high priority for their finance department.

In 2020, Granite City Electric Supply saw their employee base become more remote and their customer base grew further outside of the New England area. CFO, Cori Hornbeck, knew that as they grew, their sales tax obligation was also growing and keeping true to their company values, she sought a solution to ensure compliance.

“I knew we were triggering nexus and wanted to stay ahead of the compliance curve, but all the different rules and regulations for the various states were just overwhelming” explained Hornbeck.

 

Why TaxConnex? 

Knowledgeable, diligent, and valuable

Hornbeck reached out to TaxConnex after receiving a monthly newsletter and learning that TaxConnex is designed to give businesses peace of mind in managing their sales tax compliance.

“I knew we needed a nexus review, so I reached out because this is what TaxConnex does regularly,” Hornbeck described. “We needed an expert to help us understand the rules and tell us where else, outside of our existing footprint, we had a sales tax obligation.”

Once Granite City Electric Supply received the nexus review and had a better understanding of where they had an obligation, they partnered with TaxConnex to manage all new and existing sales tax filings.

 

The Results.

By utilizing the help of sales tax experts who put service first, TaxConnex was able to help Granite City Electric Supply achieve peace of mind regarding sales tax compliance.

“I truly view TaxConnex as a partner to our business,” said Hornbeck. “Just like we have customers who rely on us as their subject matter experts, I am able to rely on TaxConnex as our sales tax expert.”

TaxConnex provides each of their clients with a dedicated practitioner to ensure their sales tax needs are being met. The practitioner-client relationship is what makes the process work and gives clients a top-notch, outsourced sales tax department, ensuring obligations are processed in a timely, accurate and compliant manner.

“The main value I see from TaxConnex, is peace of mind with managing our sales tax obligations and knowing we have best-in-class processes in place to show the various states and jurisdictions that we want to be compliant,” said Hornbeck.

Sales tax compliance is easy to ignore but can create hefty penalties if found non-compliant. By taking the right steps to ensure compliance and relying on an expert to manage sales tax for them, Granite City Electric Supply can breathe easy knowing sales tax is covered.

 

About Granite City Electric Supply Co.: 
Granite City Electric Supply is the area's premiere electrical distributor serving electrical contractors as well as residential, commercial, and industrial customers for 100 years. With branches covering Massachusetts, Rhode Island, New Hampshire, Vermont, Connecticut and New York, they are the largest regional independent electrical supply company and the official distributor of electrical supplies to the Boston Red Sox.

 

 

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