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Managing Sales Tax with Dynamics NAV

Managing Sales Tax with Dynamics NAV. Agenda. Complexities of Sales & Use Tax Front End Back End Challenges within NAV Solutions Presentations CorpSystems™ Sales Tax Office CorpSystems™ Sales Tax Returns Online. CCH, a Wolters Kluwer business. CCH founded in 1913

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Managing Sales Tax with Dynamics NAV

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  1. Managing Sales Tax with Dynamics NAV

  2. Agenda • Complexities of Sales & Use Tax • Front End • Back End • Challenges within NAV • Solutions Presentations • CorpSystems™ Sales Tax Office • CorpSystems™ Sales Tax Returns Online

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. Why Sales Tax Office? • Nexus • Where are you required to collect tax? • State • County • City • Special Tax Districts

  9. Why Sales Tax Office? • Tax Jurisdiction Determination: • Which is the correct tax jurisdiction? • Geospatial level of accuracy • Special Tax Districts • Districts • Coverage • Address validation

  10. Why Sales Tax Office? • Exemptions • Is the sale exempt from tax? • Customer based • Product based • Use Based

  11. 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

  12. 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

  13. Demonstration

  14. CCH CorpSystems Sales Tax • CCH: Quality Products, Research, & Service • Visit Use- Next to Registration Table and the Expo Tonight Call: 1-877-709-0775 Online: www.SALESTAX.com

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