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Sales and Use Tax


Our Approach

Sales and use tax penalties can be substantial for many companies. In addition, a failure to implement the right tax plan may result in substantial risks to your organization’s internal controls and, possibly, result in material weaknesses during your sales tax audit.

Armanino’s sales and use tax specialists know the complexities associated with multistate sales and use tax compliance. We have the practical experience and technical knowledge to understand how these laws apply to companies in different locations and industries—especially SaaS and technology.

Whether you want to outsource the expertise, automate your process with proven technology solutions or supplement your internal team, we have the resources and capabilities to address all of your sales and use tax needs.

Services

If you’re a high-growth, $20 million+ revenue organization, it’s time you started looking at you sales and use tax strategy. Armanino’s sales & use tax compliance and strategy consulting team can work with you to ensure your company is truly compliant with the latest sales and use tax requirements. Our services include:

  • Multistate sales and use tax return preparation
  • Evaluation and design of sales and use tax procedures and controls
  • Evaluation of company’s product offering
    • Product taxability reviews
    • Taxability matrix preparation
  • Determine taxability
  • Calculate prior period liability
  • Settle liability with states
  • Set up ongoing compliance structure
  • M&A and other transaction advisory services (e.g., record liability, access to escrow, etc.)
  • Pre- and post-IPO sales and use tax consulting (e.g., record and clean up)

Experts

Resources

Sooner Rather Than Later – Timing for Taking Your R&D Payroll Tax Credits

Recent legal advice issued by the IRS Associate Chief Counsel helps clarify some of the confusion around the new payroll tax credit for R&D for qualified small businesses.

Policy Binders Research Development Feature

California manufacturers and certain researchers and developers may qualify for partial exemption of sales and use tax on certain equipment purchases and leases.

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This summary of when various tax-related forms, payments and other actions are due will help you make sure you don’t miss any important 2017 tax deadlines.
Clock on Beach Sand Feature

Now is the time for affected employers to begin assembling the necessary ACA information. This article details what information is required to complete Forms 1094 ...

Highway Funding Law Brings Important Tax Law Changes

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law on July 31; the 34th stopgap extension of transportation programs since 2009.

New Trade Law Hikes Penalties for Tax Reporting Errors

The Trade Preferences Extension Act of 2015 (TPEA) increases by as much as 150% the potential penalties for taxpayers that err in their ACA information reporting to the IRS or payees.

Conference Table Presentation Review Feature

The IRS recently released guidance on two major areas affecting businesses—the Work Opportunity Tax Credit (WOTC) and the tangible property regulations, and ...

Hand Fanning Money Feature

The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

Businesses, Individuals Benefit from Latest Tax Relief Extender Law

On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), a stopgap measure that retroactively extends certain tax relief provisions through Dec. 31, 2014.

Sales and Use Tax: An Integral Part of Any Corporate Tax Function

Sales tax is a tax on the sale at retail of tangible personal property and certain enumerated services. Leases generally fall within the definition of taxable sales. Use tax is a tax on the storing, using, co ...

A Guide to Resolving Sales Tax Exposure for the pre-IPO Cloud CFO

  trends and insights
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Similar to the taxation of downloaded software 15 years ago, states are adapting or altering their taxing regimes to keep up with the evo ...

The CFOs 5 Step Guide to IPO Execution

The CFO needs to assess all of the different areas that need to be improved—and sometimes there are some large holes—in order to ensure they are prepared to tackle this major change in their business.

A Sales/Use Tax Audit May Be in Your Future: Be Prepared For It

Past trends have shown that businesses in California have a 20 percent chance of being selected for a state sales/use tax audit. Large, multinational corporations are accustomed to regular sales/use tax examinations, ...