Sales tax and due diligence in an M&A
Those involved in mergers and acquisitions often get understandably excited about the deal,...
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, you’re able to give this time-consuming task to an expert to manage. Combining technology and innovation with human expertise and oversight, this service offering supports multiple exemption types including resales exemptions, telecom tax exemptions, government exemptions, non-profit exemptions, manufacturing exemptions, and more.
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
Ready to rely on the experts to conquer the chaos of sales tax? Level up your exemption certificates management by working with TaxConnex!
We can't wait to talk to you about how we can UPSOURCE your exemption certificate management. Fill out the form to the right and we will be in touch soon!
Those involved in mergers and acquisitions often get understandably excited about the deal,...
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