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Automating Sales Tax for Microsoft Dynamics GP Presented by:

Automating Sales Tax for Microsoft Dynamics GP Presented by:. Agenda. Challenges of Sales Tax Compliance Avalara AvaTax Solution Overview Demonstration of Avalara AvaTax Customer Experience Q&A. Sales and use t ax c ompliance. 52% of accounting professionals agree:

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Automating Sales Tax for Microsoft Dynamics GP Presented by:

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  1. Automating Sales Tax for Microsoft Dynamics GP Presented by:

  2. Agenda • Challenges of Sales Tax Compliance • Avalara AvaTax Solution Overview • Demonstration of Avalara AvaTax • Customer Experience • Q&A

  3. Sales and use tax compliance 52% of accounting professionals agree: completing a marathon would be easier to accomplish than understanding sales tax compliance laws. Source: Wakefield Research 2013

  4. Where do States turn for tax revenue? Total State Government Tax Collections by Category When general sales tax and selective sales tax are combined, sales tax makes up 47% of total state revenue Property taxes 1.6% Other taxes 3.9% Corporation net income taxes 5.3% Individual income taxes 35.3% Total license taxes 6.8% Total selective sales taxes 16.6% General sales and gross receipts taxes 30.5% Source: US Census Bureau, 2012 Census of Governments: Finance – Survey of State Government Tax Collections at www.census.gov/govs/statetax

  5. Sales Tax is Hard. Destination based Tax Holidays Nexus rules Hybrid sourcing Origin based State-provided info often missing, misleading, or wrong Exempt Organizations Zip codes don’t match tax jurisdictions Thousands of changes each year E-commerce rules Home Rule States Sourcing rules Exempt Products 14,700+ distinct tax jurisdictions in North America Situs 100,000 + distinct taxability rules

  6. The state of our States • States are still recovering from the Great Recession • In 2013, 31 states projected budget deficits totaling $55 billion • NRF estimates $24 billion in sales taxes goes uncollected on the Internet Therefore • As tax-collecting agents of the State(s), they are looking to your business to find more money • This increased focus creates compliance risk for you

  7. States finding more sales tax revenueby broadening definitions of nexus • Remote sellers can no longer assume that Quill v. North Dakota means they don’t have to collect sales tax • Nexus-creating activities (examples): • Independent agents • Remote sales force • Affiliate Nexus • Trade show participation • “Amazon Laws” • Cyber Monday, 2013: SCOTUS leaves NY click-through affiliate law in place • 11 States have already passed Amazon Laws

  8. Accuracy is EVERYTHING! • Sales tax is a complex statutory requirement • It’s an involved process – calculate, report, return, remit • 11,000+ taxing jurisdictions • 100,000+ distinct taxability rules • Thousands of changes to rates, rules and boundaries annually • Manual sales tax management: • It’s labor-intensive and costly • Leads to inaccurate results • 100% non-revenue generating activity

  9. Manual sales tax management is time-consuming, risk prone, and expensive 11 hours per week Average time spent filing sales tax returns and remitting payment Percentage of businesses that believe a sales tax auditor would find a mistake Average total cost for businesses to manage a sales tax audit Source: Wakefield Research, July 2013

  10. Sales and use tax compliance 44% of accounting professionals who’ve worked for a company that has been audited – and decided to contest that audit – think the process is more stressful than a divorce. 44% Source: Wakefield Research 2013

  11. Cloud/Hosted Service • Simple Installation • Simple training • No maintenance • Always up-to-date

  12. Avalara’s capabilities continue to grow CONFIDENTIAL & PROPRIETARY | Expanding Integration Hundreds of integrations on all major commerce platforms Improving Technology Added support for Lat/Long, new REST API, UPC taxability, and high-availability cloud deployment Avalara ServicesExpanded offering to customers with related applications

  13. End-to-End Sales Tax Compliance

  14. Product Demonstration

  15. Microsoft Dynamics GP / Customer Maintenance Tax Schedule replaced with one word: AVATAX

  16. Microsoft Dynamics GP - Address Validation Incomplete Address information CORRECTED!

  17. Microsoft Dynamics GP / Sales Order – Tax Calculation Taxability rules applied and tax calculated automatically

  18. AvaTax Dashboard - Login

  19. Admin Dashboard

  20. Organization Tab

  21. Transaction Tab

  22. Reports Tab

  23. Returns Tab

  24. Customer’s Avalara Experience

  25. Questions & Contacts • Contact Information • Matthew Patrick • Regional Sales Manager • Matthew.Patrick@avalara.com • 724.301.7054

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