Maintaining current, valid exemption certificates is critical in managing your overall sales tax risk. TaxConnex can manage that too!

Under audit, an otherwise exempt sale will be deemed taxable without a current, valid exemption certificate.  Results from a sample of invoices can be extrapolated across the audit period and a few missing certificates can result in large assessments including penalties and interest. Implementing a process to gather, validate and manage tax exemption certificates is necessary for many businesses.

With TaxConnex^® exemption certificate management service, you’re able to outsource the process and gain easy access to all your certificates online. TaxConnex's managed service offering includes:  

• Review all new certificates for validity
• Index certificates and supporting documentation for easy access
• Verify permit number provided in your certificates, where available
• Monthly reporting with data identifying customer with invalid, missing or expired certificates
• Managing the expiration cycle; proactively identifying expiring certificates and notifying you, and your customer, of the need to update exemption certificates