top 5 use cases for sales and
TRANSCRIPT
Top 5 Use Cases for Sales and Use Tax Automation in Microsoft Dynamics®
Ron Eiken, Nicole Tilton and Jessica Kraisinger
Agenda
▪ CCH® SureTax®
▪ Correct Tax Rate Assignment
▪ Economic Nexus
▪ Exemptions
▪ Reporting
▪ Sales Tax Returns Filing
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CCH SureTax Platform: The Experience
▪ Single platform built in a modular design:
▪ CCH® SureTax® Calc
▪ CCH® SureTax® Rates and Rules
▪ CCH® SureTax® Exemption CertificateManagement
▪ CCH® SureTax® Returns
▪ CCH® SureTax® Views
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CCH SureTax Platform: The Content
▪ Only single platform that can provide a trueend-to-end solution that services all industriesunder one solution:
▪ Telecom
▪ Energy
▪ Cannabis
▪ Construction
▪ Retail
▪ Food/Restaurant/Grocery
▪ Manufacturing
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Problem: Correct Tax Rate Assignment
▪ Setup and maintenance of tax area codes across 12,000+ taxing jurisdictions
▪ Setup and maintenance of item tax groups for taxability rules
▪ Appropriate tax area code sourcing to customer addresses
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Solution: Correct Tax Rate Assignment
▪ CCH SureTax is a cloud-based platform where all sales tax rates and taxability rules are maintained automatically by our Wolters Kluwer research team
▪ CCH SureTax includes an address validation component that validates customer addresses and uses geospacial technology to identify tax jurisdiction sourcing
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Problem: Economic Nexus
▪ Due to 2018 Wayfair ruling by the Supreme Court, the rules have changed
▪ Economic nexus is now bigger than physical nexus
▪ Additional Form of Nexus
▪ Transactions (Items sold in a state)
▪ Financial (sales in a state)
▪ Cookie
▪ Click-through
▪ Affiliates
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Solution: Economic Nexus
▪ CCH SureTax contains the economic thresholds for all states
▪ CCH SureTax is synchronized in real-time with all transactions even non-nexus state transactions for increased continuity and visibility
▪ CCH SureTax can be configured to provide email notifications when these thresholds are close to being met
▪ Access to geographical views to monitor your nexus by state
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Problem: Sales Tax Exemptions
▪ Sales tax exemptions are a “Hot Button” for auditors
▪ Companies need to be able to store and track exemptions for individual customers
▪ Should only exempt transactions when an exemption certificate is on file
▪ Companies need a way to validate certificates to ensure correct exemption application
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Solution: Sales Tax Exemptions
▪ One system of truth for certificate management
▪ Ensure compliance and proper tax determination by providing a view into cert expirations, customer information and certification validation
▪ Provides a means for easily working with auditors via reporting capabilities by state, customer and transaction level information
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Correct Tax Rate Assignment in Microsoft Dynamics
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Problem: Reporting
▪ Companies need good reporting for sales and use tax for several reasons;
▪ To file accurate returns
▪ For Audit Defense
▪ Respond to customer inquiries
▪ Disparate systems
▪ Business Decisions
▪ Dynamics Business Central has reporting but it may not be enough
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Solution: Reporting
▪ CCH SureTax Views provides accurate, granular and on demand reporting for sales and use tax
▪ Truly one place to get the information you need to do returns, make decisions, and defend an audit
▪ The ability to slice and dice the data to provide the information your business needs
▪ Comprehensive reporting from all systems connected to SureTax including; ERP, ECommerce, PoS, etc…
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Problem: Sales Tax Returns Filings
▪ Choosing the right form
▪ Including filing frequency and industry specific taxes
▪ Entering the right data
▪ Including deductions and other considerations
▪ Meeting the due date
▪ Sales and use tax return due dates vary by jurisdiction
▪ Deadlines for filing are defined differently by different states
▪ Filing the return
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Solution: Sales Tax Returns Filings
▪ Choosing the right form
▪ During the setup process for CCH Sure Returns we will work to ensure that you are filing using the correct forms
▪ Entering the right data
▪ If you are using CCH SureTax for Calculations that information will flow right into CCH Sure Returns — if not, you can upload other reporting into CCH Sure Returns
▪ Meeting the due date
▪ CCH Sure Returns has signature ready returns or fully managed returns, all to ensure that your returns are done accurately and on time
▪ Filing the return
▪ CCH Sure Returns ensures that your returns are done accurately and on time
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Correct Tax Rate Assignment in Microsoft Dynamics
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Keep Tax in Mind
▪ New ERP Deployments
▪ Due to Wayfair more companies than ever before are having to collect sales tax in multiple states — chances are you may need our help
▪ Upgrades
▪ Upgrading to Microsoft Dynamics® 365 you will need to reinstall your tax engine — this is a great time to assess current solutions
▪ Business Expansion
▪ Has your business model expanded to include e-commerce, new products, or new distribution channels?
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How We Can Help
▪ On-demand tax expert access
▪ Sales and use tax filing support
▪ System implementation and configuration support
▪ Address validation
▪ Custom taxability research
▪ Nexus determination
▪ Tax workshops
▪ Technical guidance for integrating with CCH SureTax
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Where to Find Us
▪ Website: TaxNA.WoltersKluwer.com
▪ Microsoft Dynamics® Communities
▪ Sponsor — AXUG, NAVUG and GPUG
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We Are Here to Help
Nicole TiltonMicrosoft Partner Manager (West)[email protected]
Jessica KraisingerMicrosoft Partner Manager (East) [email protected]
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Top 5 Use Cases for Sales and Use Tax Automation in Microsoft Dynamics®
Ron Eiken, Nicole Tilton and Jessica Kraisinger