Avalara is presenting a FREE Sales Tax Management Thought Leadership Series of webinars. These webinars will be focused on issues affecting sales tax management today. Avalara has teamed up with experts to bring you timely and informative topics including sales and use tax legislation, industry insights, and tax tips. Our first webinar launches Tuesday, January [...]
continue reading...Posts Tagged ‘Avalara’
Don’t Become a Sales Tax Castaway
Small and midsized businesses are disproportionately impacted by sales taxes. Sales taxes are an ongoing, constant, immediate tax levied regardless of other business activities and conditions. Overhead costs for sales tax management can include tax research time, collection and storage of customer exemption certificates, calculation and application of sales tax rate to transaction or invoice, [...]
continue reading...3 Things Every Microsoft Dynamics User Needs to Know About Sales and Use Tax
Sales tax is hard! Every business needs to consider the following when thinking about sales tax management: Sales tax calculations are not based on zip code. Although it is popular belief that you can look up a zip code and apply a correct sales tax, there can be multiple sales tax jurisdictions within a given [...]
continue reading...Nexus Laws Continue to Change: Sales Tax Automation Ensures Your Business Remains Compliant
Nexus for a business was originally interpreted as a business with a warehouse, retail location, sales person, or distribution center in a state. With expanded definitions being adopted by states, this definition can also include: Any associated business that shares the trademark or a substantially similar name (as is the case for Amazon’s distribution center [...]
continue reading...Avoid Poor Customer Purchase Experiences with Exemption Certificate Management Automation
The percentage of gross revenue that comes from exempt sales for many businesses can be significant. Even if you do not sell directly to the typical non-exempt businesses such as schools, the government, or religious institutions, you may have other customers who are exempt if they are resellers, distributors, wholesalers, manufacturers, or retailers. Many times, [...]
continue reading...Don’t Let Inaccurate Sales Tax Compliance Policies Lead to Your Company’s Demise
Did you know that auditor findings of improper or inadequate tax payments have been linked to the demise of some organizations, despite their best attempts at compliance? The average audit penalty costs around $34,000, but the penalties can go as high as hundreds of thousands of dollars. Despite a company’s best effort to be in [...]
continue reading...Six Great Benefits to Reducing Your Sales Tax Audit Liability For Non-Taxed Transactions Through Automation of Microsoft Dynamics GP
Tight crackdowns by state governments have included greater attention to non-taxed transaction compliance. Manually managing the exemption certificate lifecycle can cause a high level of risk. Errors from improper application of the non-tax status, lost certificates, failure to produce a certificate during an audit and expired certificates that don’t get renewed in time for transactions [...]
continue reading...Sales Tax Compliance and Nex•us: Noun, Plural – a Means of Connection; Tie; Link
Have you ever thought about the true meaning of “nexus?” Do you understand how nexus affects your business? Did you know that you are obligated to collect and remit sales tax where you have nexus? The definition of nexus in regard to state sales tax is “physical presence.” That physical presence clause defines what it [...]
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