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CMS Today: Automating your sales tax compliance requirements with kentico


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Your business should be focused on generating profits and cutting costs, not managing sales tax. Consider that calculating, filing and remitting sales and use tax is a pass through activity with no direct benefits to your bottom line. Any effort spent on sales tax compliance activities is 100% non-revenue generating. To overcome this challenge, Avalara’s Avatax solution provides Kentico customers a complete sales tax compliance solution – from the point of sale to filing returns – so you can focus on what’s important, growing your business!

During this session, we covered:
* The Challenges and Complexities of Sales Tax Compliance
* Using Technology to deliver the Sales tax Automation and Compliance your business needs
* Reducing your Risk and Exposure to potential costly Audits
* Automating your Sales Tax Calculation and filing requirements

Published in: Technology
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CMS Today: Automating your sales tax compliance requirements with kentico

  1. 1. Automating Your Sales Tax Compliance Requirements with Kentico CMS <br />Matthew Grattan <br />OEM-ISV Channel Director<br />
  2. 2. Challenges and Complexity of Sales Tax Compliance<br />What is Nexus?<br />Automated Sales Tax Compliance for Kentico<br />Demo<br />Q & A Session <br />The Agenda<br />
  3. 3. Challenges of Sales & Use Tax Compliance<br />Sales Tax is a statutory requirement<br />Manual, labor-intensive and prone to error<br />100% non-revenue generating<br />Audit Penalty & Loss <br />Complexity<br />Compliance process – calculate, report, return, remit<br />15,000+ taxing jurisdictions in the US<br />Sourcing Rules – origin, destination or mixed?<br />Varying Product Taxability Rules<br />Over 5,500 changes to tax laws processed in FY2011:<br />Jurisdictional rate changes<br />Tax holidays<br />Jurisdictions that levy new taxes/eliminate taxes<br />Jurisdictions that expand geographic boundaries<br />
  4. 4. A ZIP+4:<br />May cross a county and/or municipality boundary<br />Are not assigned to all physical streets, just those which the post office delivers<br />Can change on a monthly basis<br />There are over 40,000,000 ZIP+4’s nationwide<br />There are over 600,000 monthly changes to the ZIP+4 file<br />Rates tables are only accurate 70% nationwide<br />Why are Zip Codes Ineffective in Determining Tax Jurisdictions?<br />
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  10. 10. 7.85%<br />80111 Taxes Represented:<br />2.9% Colorado State<br />.25% Arapahoe County<br />1.0% Douglas County<br />3.5% Englewood City<br />3.0% Greenwood Village City<br />2.5% Centennial City<br />1.0% Regional Transport District<br />.10% Football District<br />.10% Science and Cultural District<br />4.35%<br />4.35%<br />6.85%<br />7.72%<br />7.35%<br />5.10%<br />
  11. 11. Taxable or Non-Taxable in NY?<br />
  12. 12. Taxable or Non-Taxable in NY?<br />
  13. 13. Taxable or Non-Taxable in CA?<br />
  14. 14. Download Adobe Acrobat 9 Pro Extended<br /><br />Taxable or Non-Taxable in CA?<br />
  15. 15. Taxable or Non-Taxable in CA?<br />Download Adobe Acrobat 9 Pro Extended<br /><br />
  16. 16. Product Taxability in States & Jurisdictions is not consistent throughout the United States<br />The following industries have varying taxability rules:<br />Software / Hardware <br />Digital Goods <br />Services<br />Medical device / equipment <br />Food / Beverage <br />Clothing / Apparel<br />School Related Products <br />And many other industries / products! <br />Understanding Product & Service Taxability Exceptions<br />
  17. 17. States define Nexus as a ‘tangible physical presence’ which creates the requirement to collect & remit Sales Tax. Laws surrounding what constitutes Nexus vary state-to-state. Some examples include:<br />Salespeople<br />Agents or Distributors<br />Employees on Payroll <br />Training<br />Trade Show Attendance<br />Inventory / Warehousing <br />Servicing Tangible Personal Property<br />What is Nexus? <br />
  18. 18. Avalara is Solving the ChallengeAvaTax is the fastest, easiest, most accurate and affordable way to calculate, report, return, and remit transactional tax<br />Simplifying Sales Tax Compliance through Automation<br />Outsource sales tax requirements<br />Save time & money<br />Reduce audit risk<br />Avalara is the Leader in Web-Based Sales Tax Solutions<br />Chosen by 10,000 + customers<br />Trusted provider for 350 million+ calculations annually <br />Processing over 25,000 returns per month <br />Remitting more than $16 billion in sale tax filings annually <br />Recommended by over 2,000 software application resellers, CPA’s, and business consultants<br />One of only 4 Certified Service Providers under the Streamlined Sales Tax (SST) Project <br />
  19. 19. Sampling of Avalara Clients<br />
  20. 20. AvaTaxSales Tax Solution<br />
  21. 21. Demo<br />Copyright © Avalara, Inc. All Rights Reserved.<br />
  22. 22. Matthew Grattan | OEM-ISV Channel Director | avalara®direct: 206.826.4900 ext.1138<br />Questions - <br />Thank you for your time today<br />?<br />?<br />?<br />?<br />