Sales Tax Preparation And Filing Services
Whether you are a multi-state corporation or online retailer trying to navigate the new “Wayfair” decision, or whether you are a single location business, we can handle any state and local sales & use tax return, regardless of size or complexity.
Some of the benefits of our services include:
- Sales-Down or Tax-Up Reporting;
- Data Insights;
- Economic Nexus Threshold Monitoring;
- In-House Audit Representation
Sales-Down or Tax-Up Reporting – There are two generally accepted methods of computing the sales tax liability that goes onto a return: sales-down or tax-up. Sales-down refers to starting with the taxable sales in each jurisdiction and applying the local tax rate to compute the liability. Tax-up refers to starting with the tax collected and “grossing up” the tax to the sales amount in that jurisdiction. Regardless of which method you prefer, we can handle the liability calculation in any jurisdiction in the country.
Data Insights – While there is a minimum amount of information, we require to prepare your returns, the more information we get, the better. Our data insight analysis can benefit your business far beyond sales tax compliance. For instance, our system helped a restaurant owner discover that one bartender was opening the cash drawer 10 times more often than all the others. Further investigation revealed he was stealing from the till costing the restaurant thousands.
Economic Nexus Threshold Monitoring – We monitor sales in all states to determine if sales are approaching existing thresholds in economic nexus states. We also monitor which states are bringing “Wayfair statutes” online and notify you accordingly so you can get registered as soon as possible.
In-House Audit Representation – While we don’t anticipate it, if you should be selected for an audit, we will represent you in-house, rather than outsourcing to a third-party. We have been representing companies in sales tax audits for more than 20 years and have the expertise to handle any audit.
Brick-and-Mortar and Online Retailers – Whether you have one location or 20, we can eliminate the complexity and headache of filing sales tax returns in any state.