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NewLink Genetics Nets $6.8M Tax Savings and Reduces Exposure Risk by Entrusting its Tax Reporting to a Firm Who Asks the Right Questions

Case Studies

NewLink Genetics Nets $6.8M Tax Savings and Reduces Exposure Risk by Entrusting its Tax Reporting to a Firm Who Asks the Right Questions

“Our satisfaction with GTM goes well beyond our cash tax savings. Their specialized team took a big picture approach to our provision and compliance processes and asked “what if” questions along the way. They helped improve our processes, identify savings opportunities, and reduce our risk exposure. Having an outside firm who has our best interests in mind is invaluable.”
~ Carl Langren, CFO, NewLink

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.

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.

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

NewLink Genetics Nets $6.8M Tax Savings and Reduces Exposure Risk by Entrusting its Tax Reporting to a Firm Who Asks the Right Questions

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

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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FAQs: U.S. International Compliance Form Changes Prompted by TCJA

Global Tax Management Named a Best Accounting Firm to Work For by Accounting Today

Understanding Foreign Tax Credit Limitation and the New Form 1118 as a Result of U.S. Tax Reform