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Posts Tagged ‘exemption certificate management for Microsoft Dynamics’

Your ZIP code might be creating audit risk. Here’s why..

Did you know that the way your tax rate tables are set up in your ERP system can make or break your business? Do you know how their set up for your business? That’s because most rate tables are based on ZIP codes. And ZIP codes can be completely inaccurate. Like using a tricycle to […]

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Everything is Taxable until Proven Otherwise

All it takes is just one missing, expired, or incorrect sales tax exemption certificate for your business to be at risk of losing thousands of dollars in an audit.  While you might think this is a slight exaggeration, it has become a hard reality for many businesses. The truth is that your non-taxable sales are […]

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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, […]

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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 […]

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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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