GTM’s Sales & Use Tax Compliance specialists examine your current data and process to determine the best compliance approach for your organization moving forward. We analyze your responses to our questions to see if your tax data can be streamlined so you can avoid constant manipulation before it is used for return preparation and remittance. Up front, GTM works to improve your current process and identify improvements to help you identify when an outsourcing option makes the most sense.
There’s a more cost-effective way to approach Sales & Use Tax compliance. Most compliance processes start with transaction level data and only consider the GL after returns are filed and the reconciliations are completed. GTM’s approach 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. We call this our “closed-loop” process.
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.