Current Sales and Use Tax Return Preparation
We offer current sales and use tax return preparation for clients who want to outsource the preparation of their tax 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
File Sales and Use Tax Returns
We take the data that you provide and prepare returns which reflect the sales tax you collected from your customers.
We generally charge $100 per return as well as $250 per jurisdiction to setup the system for filing.