Sales Tax Compliance and Automation with Vertex SMB

1. Live Webinar:
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Welcome!

2. Webinar Details
• Presentation is roughly 1 hour
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• If anyone has any questions during this webinar – please type them in your
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3. Today’s Presenters
Mary Orefice| Net@Work
Account Executive - Compliance
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4. 180+ Business
Technology Architects
and Consultants
IT Road
Mapping
& Strategic Planning
Business
Process Review
Ecosystem
BI, Analytics
& Reporting
Cloud & IT
Managed Services
ERP/
Accounting
Web Development
& e-Commerce
Sister Company
Payment
Processing
SWYPE
Sister Company
CRM &
Marketing
Automation
HRMS/
Employer Solutions
Document
Management
Compliance
Solutions:
Sales Tax | Fixed
Assets
Managed Print
Services
Sister Company

5. Tax Solutions
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6. Tax Credit
Top 8 Myths about Sales and Use Tax
1. My ERP already handles
tax for me.
2. Internet
purchases are not
subject to sales
tax
3. Non-profits are
exempt from
sales tax
4. My business
was subject to a
tax audit and no
errors were found
5. We aren’t a large enough
company to be subject to an audit
6. I charge sales tax
based on the rate at
my location
7. This seller isn’t
located in my state, so
they can’t charge me
sales tax
8. I didn’t collect any
Sales Tax this Period,
so I Don’t Need to
bother to file a Sales
Tax Return
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7. Tax Solutions
My Pillow Inc. will pay $1.1 million after
allegations of knowingly failing to collect
and remit New York sales taxes on sales
made to New York consumers through its
website and over the phone
Tax Solutions are no longer a
NICE to have for companies, but
rather a NEED to have.
Nexus:
Nexus is a physical or perceived presence within a
taxing jurisdiction. Nexus is defined as sufficient
contact with a taxing jurisdiction so as to require a
person or business to register to collect and remit Sales
and Use tax. Nexus must be present for a jurisdiction to
have the authority to require a business to register to
collect and remit tax. Nexus requirements vary
depending on the state and the type of tax involved.
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8. Tax Solutions
Use Tax is imposed
on consumers of tangible
personal property that
is used, consumed, or stored
in that state. Consumer's
Use Tax applies to purchases
from out-of-state vendors
that are not required to
collect tax on their sales.
Sales and Use tax generally
applies to most leases of
tangible personal property.
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9. Tax Solutions
0%
10%
20%
30%
40%
50%
60%
70%
AL
AK
AZ
AR
CA
CO
CT
DE
FL
GA
HI
ID
IL
IN
IA
KS
KY
LA
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY
NC
ND
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
Sales tax as percentage of state revenue*
Landscape of the Market Today
*Total sales and gross receipts taxes as reported 2015 by the Census Bureau
Sales Tax: A tax imposed on the privilege of making sales. Usually laws require the seller to collect funds for the tax from the
consumer at the point of purchase. See also “Consumer Use Tax” to differentiate this type of tax
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10. Tax Solutions
60,000+
Distinct Sales
and Use Tax
Rates
11,000+
Jurisdictions
10

11. Tax Solutions
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How do states find you:
- Auditing your customers
- Information Share
- Special Task Forces

12. Tax Solutions
Calculation
Perform tax
calculations down to
the rooftop level
Rate Files
Download rate files
by location or upload
addresses for your
specific business
needs and access tax
rate files
Use Tax
Accurately calculate
and report your
consumer use tax
Returns
Ability to generate
signature-ready PDF
returns with options
to outsource
remittance on your
behalf
Certificate
Management
Intelligent certificate
management
software
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13. Vertex SMB
Software
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14. Resources
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15. Resources
http://www.netatwork.com
/vertex-smb-sales-and-use-
tax/
Mary Orefice
Account Executive – Compliance
Direct: (804) 298-3810
morefice@netatwork.com
15

16. Please type in
your questions
Any Questions?

17. Thank You For Attending!
Mary Orefice |
Net@Work
Account Executive - Compliance
Phone: 804-298-3810
morefice@netatwork.com
www.netatwork.com
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