Data Management

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

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GTM’s Ryan Lynch and Client Sonepar Named Thomson Reuters 2018 Taxologists of the Year

NEWS

November 21, 2018

GTM’s Ryan Lynch and Client Sonepar Named Thomson Reuters 2018 Taxologists of the Year

GTM is pleased to announce that Ryan Lynch, Managing Director, Tax Automation Services practice, has been recognized as 2018 Taxologist by Thomson Reuters in the Certified Implementer Program category. GTM Client Nick VanDerlyke, of Sonepar, was also named 2018 Taxologist of the Year in the New Customer of the Year category.

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How to Execute Post-Wayfair Sales & Use Tax Calculations

NEWS

October 18, 2018

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.

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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.

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GTM Joins Thomson Reuters ONESOURCE Certified Implementer Program as First Firm in Silver Tier

NEWS

February 20, 2018

GTM Joins Thomson Reuters ONESOURCE Certified Implementer Program as First Firm in Silver Tier

WAYNE, Pa. (February 20, 2018) PRNewswire— Global Tax Management (GTM) announced today that it has joined the Thomson Reuters ONESOURCE Certified Implementer Program (CIP) as the first Silver Tier CIP Firm. Thomson Reuters recently applied a tiered structure to CIP to further enable and formalize the growing implementer ecosystem of ONESOURCE, the company’s market-leading corporate tax software platform.

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IRS Notice 2018-13: How it Affects Your Toll Tax Model

NEWS

January 26, 2018

IRS Notice 2018-13: How it Affects Your Toll Tax Model

In this update to our previous post on the toll tax, we highlight the key proposals in Notice 2018-13, noting particularly where changes will affect clients’ ongoing work to model the toll tax for end-of-year provision purposes.  

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