Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

CMS Today: Automating your sales tax compliance requirements with kentico

1,589 views

Published on

Thanks to everyone that joined us!

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
  • Be the first to comment

  • Be the first to like this

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 />
  5. 5.
  6. 6.
  7. 7.
  8. 8.
  9. 9.
  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 />https://www.adobe.com/downloads/<br />Taxable or Non-Taxable in CA?<br />
  15. 15. Taxable or Non-Taxable in CA?<br />Download Adobe Acrobat 9 Pro Extended<br />https://www.adobe.com/downloads/<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 matthew.grattan@avalara.com<br />Questions - <br />Thank you for your time today<br />?<br />?<br />?<br />?<br />

×