Managing Sales Tax with Dynamics NAV
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Agenda
Complexities of Sales & Use Tax —Front End—Back End
Challenges within NAV
Solutions Presentations—CorpSystems™ Sales Tax Office —CorpSystems™ Sales Tax Returns Online
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CCH, a Wolters Kluwer business
CCH founded in 1913
Leading Provider of Tax Research
60,000+ CPA clients, and SME, Large Corporate
The global leader in tax research and software
CCH Master Tax Guide - industry gold standard
a division of Wolters Kluwer
- 20,000+ employees
- revenue of $5B/yr
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Complexity of Sales & Use Tax
Front End – Correctly Calculating Sales Tax—What are the rates?
State City County Special District
—What’s being sold? Taxability Exemptions
—Where’s it being sold Nexus Address Validation
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Complexity of Sales & Use Tax
Back End – Correctly Submitting Sales & Use Tax Returns—Nexus- where are
you responsible to file? How many? Home Rules
—Filing Frequency – how often are you required to file? Monthly Quarterly Annually
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Challenges of Sales Tax within Dynamics NAV
Initial research of rates (14,000+ Jurisdictions)
Are rates current? Taxability Rules Manual creation and update of tax
detail and schedules Human Error Time Reporting Address Validation- “Tax Footprint” Exemption Management Audit Exposure
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Sales Tax Office Overview Server based Sales Tax calculation engine. Advanced Situs Rules, Ship-to, Ship from, Order Placement & Order
Approval Custom Tax Schedules, Tax Holidays, Effective Dates Exemptions Special Tax Districts Liability Reporting Comprehensive Quality Data by CCH
— General – Various Products & Services— Food— Medical— Restaurant— Customizable Tax Matrix— Energy and Telecom
Seamless Integration to Sales Tax Returns Online
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Why Sales Tax Office?
Nexus—Where are you
required to collect tax? State County City Special Tax
Districts
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Tax Jurisdiction Determination:—Which is the
correct tax jurisdiction? Geospatial
level of accuracy
—Special Tax Districts Districts Coverage
—Address validation
Why Sales Tax Office?
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Why Sales Tax Office?
Exemptions—Is the sale exempt
from tax? Customer based Product based Use Based
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Why Sales Tax Office?
Comprehensive Quality Data by CCH—Is custom software taxable
in Atlanta, GA? Taxability Rules Rates Effective dates Tax holidays Special Tax District
Coverage Min & max rules Customizable
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Sales Tax Returns Online
Sales & Use Tax Returns Preparation Simple Data Feed
Seamless Integration Electronic Filing Prepare and Populate Sales or Use Tax How to file Signature ready CPA Technology
5 star rating
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Demonstration
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CCH CorpSystems Sales Tax
CCH: Quality Products, Research, & Service Visit Use- Next to Registration Table and the Expo
Tonight
Call: 1-877-709-0775Online: www.SALESTAX.com