Sales & Use Tax Compliance

The management of sales and use tax is complicated. To make it less complicated, you need a solution that efficiently gathers data, analyzes your data, and leverages sales tax professionals in your compliance process. You need more than the out-of-the-box compliance process.

At GTM, we start by asking the right questions about your current data and process to determine the best compliance approach for you. We analyze your answers to see if your tax data can be streamlined so you can avoid constant manipulation before it’s used for return preparation and remittance. Up front, we’ll work to improve your current process and identify improvements to help you identify when an outsourcing option makes the most sense.

Most compliance processes start with transaction level data and only consider the GL after returns are filed and the reconciliations are completed. We’ve come up with a better way, which begins with the GL, then reconciles the GL as part of the compliance process, so you can adjust what you pay BEFORE returns are filed.  It’s a “closed-loop” process.
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 In-House Compliance Process Optimization

Are you gathering the right data? How does your data flow to your returns? How is your data validated, archived, and retrieved? We help you look at the big picture.

GTM will ask all of the right questions to get a universal view of your data, assuring that your compliance process is streamlined for the right outcomes at minimal cost.

Outsourced Compliance Process

GTM accepts your source data exactly as it exists; no manipulation or conversions are required. If you have existing sales tax software in place, we can manage the return process using your existing license. If not, we use our own web-based compliance portal to manage the process.

At the completion of each cycle, GTM provides detailed reports for each jurisdiction, summarizing tax paid, discounts, and prepayments. All returns and supporting information are archived on our web site. GTM receives and logs each piece of correspondence from the state taxing jurisdictions.

Why GTM?

Whether you outsource to GTM or engage us to streamline your current in-house sales tax process, we can help you find the best solution to minimize risk and cost in your compliance process.

No other tax provider can offer a holistic approach that allows for quick and easy management of information, data, returns, payment processing, and audit trails. Immediately realize the benefits of:

  • Streamlined and validated data
  • Reduced tax liability and audit risk
  • Return deadlines monitored and met
  • Tightened internal controls
  • Increased tax return accuracy
  • Reduction in overall internal costs

GTM’s automated sales and use tax compliance solution will help you minimize risk of error in reporting and maximize your staff’s time to focus on adding value – all while keeping control of your sales tax compliance process.

Contact Us to Learn More DOWNLOAD DATA SHEET

What You Get

  • “Current state” tax compliance process analysis to determine the best solution
  • Secure state-of-the-art web application with web-access reports
  • Acceptance and processing of all tax data, without manipulation
  • Consolidation and standardization of reporting
  • Cash management process for secure payments
  • Sales tax helpdesk with access to experts at no extra cost
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