Outsourced

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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A Guide to Outsourcing Corporate Tax Functions

White Papers

A Guide to Outsourcing Corporate Tax Functions

Finance leaders are looking for innovative approaches to talent and technology for growth potential. Their goal is to be more operationally agile — by aligning the right resources to achieve their company’s strategic mission. Leaders can make this goal possible by finding ways to optimize the time and skill sets of their in-house functional teams to be more strategic, while looking outward to acquire alternative resources to provide stability and technical acumen for day-to-day functions. Read this white paper to explore how the right blend of resources and systems can improve a tax department’s overall function and add value to an organization.

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Here is Your International Tax Compliance Checklist

NEWS

September 13, 2017

Here is Your International Tax Compliance Checklist

With the end of compliance season rapidly approaching, now is the time to review common pitfalls in international tax compliance and how to avoid them. Overlooking some of these details exposes you to significant penalties and potential for future risk. Consider these areas to avoid unnecessary penalties and maximize your tax position before you file. Here is your international tax compliance checklist.

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Co-Sourcing Tax Department Functions: the When and the Why?

NEWS

August 02, 2017

Co-Sourcing Tax Department Functions: the When and the Why?

Staffing is a critical component of any tax department and generally used as a reflection point (or otherwise a barometer) to determine what role the department will ultimately play within the company. Typically, tax departments approach staffing in one of three ways: insourced, out-sourced or co-sourced. Read this blog to learn more about when and why co-sourcing may be a good approach for your tax department.

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How to Speed Up Tax Data Preparation for 5471 Schedule M and Sales & Use Tax Compliance

NEWS

May 18, 2017

How to Speed Up Tax Data Preparation for 5471 Schedule M and Sales & Use Tax Compliance

Think about the burden lifted from your tax team by speeding up the data preparation and calculations for complex tax processes. In this blog, we cover automating data assembly for 5471 Schedule M and Sales & Use Tax Compliance. We provide practical examples of what happens when you can quickly manipulate source data into useable formats and the steps that can be automated.

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

NEWS

May 05, 2017

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.

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Understanding Tax Accounting for Investment in Domestic and Foreign Subsidiaries

NEWS

September 20, 2016

Understanding Tax Accounting for Investment in Domestic and Foreign Subsidiaries

Multinational companies need to understand the impact domestic and foreign transactions may have on their tax accounting. This blog was written to help you to better understand one facet of that task: tax accounting for investment in domestic and foreign subsidiaries. Here I will cover three sections – inside basis vs. outside-basis, bottom-up approach, and permanent reinvestment assertion.

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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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