SALT Compliance

GTMpower Automates Various Tax Processes by Cutting Prep Time up to 80% and Creating Meaningful Analytics

Case Studies

GTMpower Automates Various Tax Processes by Cutting Prep Time up to 80% and Creating Meaningful Analytics

For this client, GTMpower reduced total time spent preparing tax data by 50-80%, turning what used to take weeks and months into just a few days. By saving time and providing more transparency into data, implementing GTMpower has enabled the finance and tax organization at this company to become consumers of financial data rather than reconcilers of it. As such, they are identifying risks and opportunities that add extraordinary value to the organization.

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It’s Not the Plan That’s Important, It’s the Planning: Practical Guide to Preparing for Tax Reform

NEWS

February 14, 2017

It’s Not the Plan That’s Important, It’s the Planning: Practical Guide to Preparing for Tax Reform

As President Donald Trump and the Republican-led Congress attempt to define a comprehensive tax reform package, details on policy changes are elusive. However, initial tax proposals released by the Trump Administration and House Republicans provide broad guidelines for what can be expected. As the saying goes, “it’s not the plan that’s important, it’s the planning” — so read on for what’s in the proposal, and a practical guide to preparing for tax reform.

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Why Your ERP Is Not Going to Work for Tax Depreciation (and what to do about it)

NEWS

November 02, 2016

Why Your ERP Is Not Going to Work for Tax Depreciation (and what to do about it)

An ERP system can be highly effective. However, as you may have already found, this is not the case for the Tax Department, especially with regard to accurately and efficiently calculating tax depreciation. Luckily, there is an alternative. Read the blog to learn other solutions to help streamline the calculation.

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Understanding the “Aha!” of ACH Payments

NEWS

August 25, 2016

Understanding the “Aha!” of ACH Payments

Jim Ford and Mark Cox, directors in GTM’s state and local tax practice, examine the pros and cons of using different types of automated clearinghouse payments when sending them to a tax authority, and they explain how one method can make accounting and reconciling much easier.

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To Err is Human: Why You Should Submit Electronic Sales Tax Payments via ACH Credit

NEWS

March 17, 2016

To Err is Human: Why You Should Submit Electronic Sales Tax Payments via ACH Credit

In the case of submitting electronic sales tax payments, you have two options that have both a time and a monetary impact. What’s best, an ACH Credit electronic payment or an ACH Debit electronic payment? Here are some tips about your options from Supervisor, Dan Campbell on how to choose what will work best for your organization from an efficiency and cost perspective.

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