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Sonepar USA Reduces Exposure Risk & Saves Weeks of Provision Prep and Review Time by Automating the Tax Provision Process

Case Studies

Sonepar USA Reduces Exposure Risk & Saves Weeks of Provision Prep and Review Time by Automating the Tax Provision Process

“Automating the provision process has saved Sonepar USA’s tax team upwards of 120 hours (in aggregate) for the 2017 tax-year alone. The GTM team facilitated a smooth transition from our manual Excel approach to take immediate advantage of ONESOURCE Tax Provision (OTP) software. Our new provision process has been recognized positively up to the senior finance executives, raising the visibility and value of our tax department’s contributions to the bottom line.”
~ Nick Vanderlyke, Senior Manager, Income Tax, Sonepar USA

How to Execute Post-Wayfair Sales & Use Tax Calculations

The concept of “just charging sales tax” is not as simple as maintaining a tax rate table somewhere and turning on a switch. Tax departments must contemplate all the moving parts — varying tax rates across jurisdictions, origin vs. destination-based sourcing, local tax thresholds, customer taxability, product/service taxability, bundled transactions, drop shipments — things can quickly become overwhelming and almost impossible to maintain manually. Tax calculation is something you must take the time to think about. Read this blog to provoke your thinking.

No Property? No Payroll? No Problem! The Evolution of State Tax Nexus and Sourcing

NEWS

June 11, 2018

No Property? No Payroll? No Problem! The Evolution of State Tax Nexus and Sourcing

States are slowly providing more legislative developments and insight on their responses to Federal Tax Reform. Now, we are anticipating a SCOTUS decision on state tax nexus limitation (South Dakota v. Wayfair). Read this blog to get up-to-speed on the history and current status.

Houghton International, Inc. Trusts GTM to Manage Worldwide Tax Function in Critical Time of Transition

Case Studies

Houghton International, Inc. Trusts GTM to Manage Worldwide Tax Function in Critical Time of Transition

“In a time of transition, I relied on GTM to manage the due diligence and integration process with Quaker’s tax lead, and they delivered. Acting as our internal tax team, GTM identified many opportunities to reduce Houghton’s tax liabilities. They brought the stability and technical tax acumen I needed to meet the day-to day tax reporting and special project needs of a large multinational corporation.” ~ Keller Arnold CFO, Houghton International, Inc.

Ask the Right Questions for Your Sales and Use Tax Compliance Process

The management of sales and use tax compliance can be complicated. Especially if your process is manual. To make it more manageable, you need to first ask the right questions about your data, your process, and your resources.

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.

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.

Mining Pearls of Wisdom from Your Tax Data

In the latest edition of Accounting Technology, Ryan Lynch, Director of GTM’s Technology Automation Services practice, shares common best practices that can help tax operations make the most of available information.

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GTM Assists $5B Chemical Manufacturer Build a Tax Department from the Ground Up After Spinning Off from Dow

Case Studies

GTM Assists $5B Chemical Manufacturer Build a Tax Department from the Ground Up After Spinning Off from Dow

Trinseo (NYSE: TSE) is a world leader in the production of plastics, latex, and rubber.

Co-Sourced

Sonepar USA Reduces Exposure Risk & Saves Weeks of Provision Prep and Review Time by Automating the Tax Provision Process

How to Execute Post-Wayfair Sales & Use Tax Calculations

No Property? No Payroll? No Problem! The Evolution of State Tax Nexus and Sourcing

Houghton International, Inc. Trusts GTM to Manage Worldwide Tax Function in Critical Time of Transition

Ask the Right Questions for Your Sales and Use Tax Compliance Process

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

Understanding the “Aha!” of ACH Payments

Mining Pearls of Wisdom from Your Tax Data

GTM Assists $5B Chemical Manufacturer Build a Tax Department from the Ground Up After Spinning Off from Dow

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Global Tax Management and Autism Speaks Honored in the 2019 Faces of Philanthropy

Get More out of ONESOURCE Tax Provision v2016