Historical Sales and Use Tax Return Preparation
We offer sales and use tax return preparation because many clients struggle to process historical sales data and to export that data in the specific formats required by each state, including preparing historic monthly sales tax returns for 3 or 4 years and states that require detailed worksheets instead of standard returns.
01
Data Review
We review the Company’s sales and transaction data to make sure it’s in the proper format to create the required state worksheets or returns. When needed, we also help the Company reformat or clean the data so it can be filed accurately and on time.
02
Product/Service Tax Treatment
We review the Company’s products and services to ensure that tax codes are correctly applied and taxability is determined by state for all applicable products and services.
03
Exemption Identification
We review any exemptions the Company claims. Certain states require copies of exemption certificates, and if we need to review and validate those certificates, we charge an additional fee for those services.
04
Tax Liability Calculation
We run the data through a sales tax engine to calculate the applicable sales and use tax liabilities by jurisdiction.
05
Worksheet in Lieu of Returns or Sales Tax Returns
We generate the final state-specific worksheets or returns, ensuring compliance with local requirements and providing a clear trail for audit purposes.
We generally charge $1,500 per jurisdiction for worksheets in lieu of returns or $100 per jurisdiction per return for the filing of actual sales tax returns. We also charge a data processing fee, which is determined based on the setup required for the tax engine, including the number of Voluntary Disclosure Agreements and the complexity of the data.