If you can’t provide your exemption certificates and demonstrate they are complete and valid, then the transaction is taxable and you will be assessed the additional tax. That means you have to have a well managed certificate process.
ATLANTA, GA (PRWEB) March 22, 2012
TaxConnex, America’s leading independent provider of sales and use tax outsourcing and sales tax consulting services, and Tax Technology Services (TTS), renowned tax compliance solutions provider, invite sales and use tax professionals to a webinar entitled “Exemption Certificate Management – State Auditor Techniques and Business Best Practices.”
The webinar will begin with an overview of the risks associated with poor exemption certificate management and conclude with a demonstration of TTS’s flagship product, CertCapture.
“As a former state auditor in North Carolina, I can tell you that missing or invalid exemption certificates are an easy source of revenue,” says Jeff Meigs, TaxConnex Partner. “I would always look at the exemptions claimed on the return and ask for documentation to substantiate the exemption. If you can’t provide your exemption certificates and demonstrate they are complete and valid, then the transaction is taxable and you will be assessed the additional tax. It’s that easy. For the business, it means you have to have a well managed process to gather the certificate, validate it and manage it over time.”
“Now more than ever, companies must take stock of all their exemption certificates by verifying that they are on file, organized, accurate and up-to-date,” adds Silvia Aguirre, TTS Principal and former State Auditor for Texas. “That’s the benefit of our flagship product, CertCapture. It enables businesses to manage the exemption certificate process, demonstrate compliance and avoid penalties.”
The webinar is open to all businesses that are interested in exemption certificate management. The webinar takes place April 25, 2 PM EDT. More details can be found at http://www.taxconnex.com/resource-center/webinars/ or at http://www.certcapture.com.
TaxConnex is America’s leading independent sales tax outsourcing firm. Using a team of experienced tax and accounting professionals, TaxConnex provides sales tax outsourcing, sales tax consulting and sales tax audit support services to businesses of all sizes with a focus on technology companies, small and mid-sized businesses, and VoIP providers. TaxConnex provides a complete set of highly customer intimate services including end-to-end compliance, data analysis, remittance, reporting, notice resolution, question handling, proactive suggestions, straightforward advice, and sales tax nexus determination. TaxConnex is your “on-call” Sales & Use Tax Department.
About Tax Technology Services
Tax Technology Services, LLC was founded in 2002 and is a renowned tax compliance provider with a commitment to quality customer service. TTS’s flagship product CertCapture is a leading solution for the management of sales tax exemption certificates. Regardless of platform, size, or staffing situation, CertCapture streamlines processes and controls exposure through automation, optional integration and managed services. CertCapture integrates with all major tax engines and ERP platforms; provides point of sale and eCommerce solutions.