5 Steps to Avoid Sales Tax Risk with M&A
As part of the financial terms of any potential transaction, you’re likely looking at the ratio of...
This white paper will discuss the two major sales and use tax compliance outsourcing models, compare and contrast the key characteristics, and provide you with some simple criteria to help determine which approach is best for your company.
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RETURN PREPARATION |
COMPLETE SALES TAX OUTSOURCE
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Nexus Determination |
No |
Yes |
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Taxability Review |
No |
Yes |
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Applying Tax to the Invoice |
No |
Via Technology Plug-in |
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Managing Exemption Certificates |
No |
Yes |
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Registering and Renewing Sales Tax ID’s |
Yes |
Yes |
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Preparing and Filing Sales Tax Returns |
Yes |
Yes |
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Paying the Jurisdictions |
Yes |
Yes |
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Maintaining a Paper Trail including COM’s |
Yes |
Yes |
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Developing a Notice Management Process |
Yes |
Yes |
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Maintaining a Documented Process |
Yes |
Yes |
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Addressing Internal and Customer Questions |
No |
Yes |
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Sales Tax Audits |
No |
Yes |
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Responding to Nexus Questionnaires |
No |
Yes |
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Maintaining a Tax Calendar |
Yes |
Yes |
As part of the financial terms of any potential transaction, you’re likely looking at the ratio of...
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