When it comes to corporate taxes, accuracy is everything. Yet, for many companies the calculation of sales and use tax is anything but precise. Complex and changing rules and a lack of critical information at the time of transaction make it impossible to correctly calculate tax.
It’s a risk your business can’t afford to take. Under payments of sales and use tax could lead to audit risk with big interest and penalties, while over payments can easily cost companies tens (or hundreds) of thousands of dollars each month. Sure, you can hire consultants to conduct reverse audits. But the sheer volume makes it impossible for them to analyze every transaction and, more importantly, you aren’t fixing the problem.
There’s a better way to get your sales and use taxes right – it’s called TaxView.
The industry’s only indirect Tax Audit and Accrual Solution, TaxView is an automated solution that provides the level of visibility and granularity needed to accurately determine how EVERY transaction should be taxed. It helps correct tax errors and minimize both over payments and under payments. This means significant tax savings for your business and less risk.