automating sales tax for microsoft dynamics gp presented by:
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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: - PowerPoint PPT PresentationTRANSCRIPT
Making sales tax less taxing. 1
Automating Sales Tax for Microsoft Dynamics GP
Presented by:
Making sales tax less taxing. 2
Agenda1. Challenges of Sales Tax Compliance2. Avalara AvaTax Solution Overview3. Demonstration of Avalara AvaTax4. Customer Experience5. Q&A
Making sales tax less taxing.
Sales and use tax compliance52% of accounting professionals agree:
completing a marathon would be easier to accomplish than understanding sales tax compliance laws.
Source: Wakefield Research 2013
Making sales tax less taxing.
When general sales tax and selective sales tax are combined, sales tax makes up 47% of total state revenue
Where do States turn for tax revenue?
Source: US Census Bureau, 2012 Census of Governments: Finance – Survey of State Government Tax Collections at www.census.gov/govs/statetax
Total State Government Tax Collections by Category
Other taxes 3.9%
Corporation net income taxes 5.3%
Total license taxes 6.8%
Total selective sales taxes 16.6%
General sales and gross receipts taxes 30.5%
Property taxes 1.6%
Individual income taxes 35.3%
Making sales tax less taxing.
100,000 + distinct taxability rules
Exempt Products
Exempt Organizations
Tax Holidays
Thousands of changes each year
State-provided info often missing, misleading, or wrong
Sourcing rules14,700+ distinct tax jurisdictions in North America
Nexus rules
SitusE-commerce rules
Destination based
Origin based
Home Rule States
Hybrid sourcingZip codes don’t match tax jurisdictions
Sales Tax is Hard.
Making sales tax less taxing.
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
Making sales tax less taxing.
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 agents̶? Remote sales force̶? Affiliate Nexus ̶? Trade show participation
“Amazon Laws”̶? Cyber Monday, 2013: SCOTUS leaves NY click-through affiliate law in place̶? 11 States have already passed Amazon Laws
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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
Making sales tax less taxing.
Manual sales tax management is time-consuming, risk prone, and expensive
Source: Wakefield Research, July 2013
Average total cost for businesses to manage a sales tax audit
Average time spent filing sales tax returns and remitting payment
11 hours per week
Percentage of businesses that believe a sales tax auditor would find a mistake
Making sales tax less taxing.
Sales and use tax compliance
Source: Wakefield Research 2013
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%
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Cloud/Hosted Service
• Simple Installation• Simple training• No maintenance• Always up-to-date
Making sales tax less taxing.
Avalara’s capabilities continue to grow
Expanding IntegrationHundreds of integrations on all major commerce platforms
Improving TechnologyAdded support for Lat/Long, new REST API, UPC taxability, and high-availability cloud deployment
Avalara ServicesExpanded offering to customers with related applications
CONFIDENTIAL & PROPRIETARY |
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End-to-End Sales Tax Compliance
Making sales tax less taxing.
PRODUCT DEMONSTRATION
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Microsoft Dynamics GP / Customer Maintenance
Tax Schedule replaced with
one word: AVATAX
Making sales tax less taxing. 16
Microsoft Dynamics GP - Address Validation
Incomplete Address information
CORRECTED!
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Microsoft Dynamics GP / Sales Order – Tax Calculation
Taxability rules applied and tax
calculated automatically
Making sales tax less taxing. 18
AvaTax Dashboard - Login
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Admin Dashboard
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Organization Tab
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Transaction Tab
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Reports Tab
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Returns Tab
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Customer’s Avalara Experience
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Questions & Contacts• Contact Information
– Matthew Patrick– Regional Sales Manager– [email protected] – 724.301.7054
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