Do you sell goods or services across state lines? We help sellers deal with complicated sales tax compliance burdens and risk.
The U.S. Supreme Court’s decision in South Dakota v. Wayfair approved the economic threshold standard for sales and use tax nexus. Many states now impose nexus for sales and use tax collection for remote sellers that meet state thresholds for sales or number of transactions.Â
The U.S. Supreme Court’s Wayfair decision and more retail sales online have led to increased sales tax compliance burdens and greater risk.Â
Preparing and filing monthly sales tax returns is a cumbersome and time-consuming task for your accounting staff.
With over 10,000 sales tax jurisdictions in the United States, it’s very challenging to stay up to date when changes occur, potentially exposing your organization to risk.
Outsourcing your sales tax function will free up your accounting staff to focus more of their valuable time on strategic initiatives, rather than compliance.
Identify and review exposure
Confirm or correct tax liability and rate determinations
Assume control of compliance process
Create audit-ready files
Monitor nexus and advise on new products or services
This interactive map shows which states have implemented economic nexus thresholds due to the Wayfair decision and the effective dates.
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A national e-commerce retailer had a sales tax collection responsibility in nearly every state but was collecting taxes only in their home state.
The CSH Sales Tax team identified and resolved over $1 million in liability, saving the client $160,000 in penalties. CSH also assumed control of the compliance process, relieving the client of the need to hire additional personnel and invest in expensive sales tax software.
A large brick and mortar retailer with over 125 stores, currently operating in six states, wants to start selling products online. Sales tax returns are prepared internally, but the company knows that they don’t have the expertise in-house to handle the influx of additional state returns that would be required. The company turned to CSH to outsource their sales tax compliance, saving them significant time and resources.
A large financial service provider subscribed to a well-known sales and use tax software to calculate sales tax on customer invoices. The software provider indicated to the company it had nexus in over 40 states, but was only filing sales tax returns in four states. On the brink of filing 39 voluntary disclosure statements, the company turned to CSH’s sales tax team. We completed a taxability study and determined their services were taxable in only 13 additional states, saving the company a tremendous headache and significant money.
