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Sales Tax Consulting |
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312-701-1800
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We work with professionals of national and global companies to minimize their sales tax compliance risk. We do this through consulting and software implementation services that help you understand your sales tax obligations so that you can run your business more efficiently. We know sales tax. Our specialized sales tax experience shows through at every level, with every person you work with in our organization.
Reduce your company's exposure to sales and use tax risksSales and use taxes represent nearly half of all tax collections that fill state coffers each year. Eager to guard this revenue, states pursue audits, which often result in an assessment. Businesses that do not realize their true exposure to these taxes can significantly risk their own revenue. Every transaction error made could translate to an 8 percent loss to the company's bottom line (based on the average sales tax rate). Expert guidance in tax planning, audit defense and refund claims can minimize that risk. Yetter Consulting Services, Inc. (YCS) is a firm that focuses exclusively on its clients' needs regarding sales, use and miscellaneous state and local transaction taxes. Their services include:Sales Tax System Implementation ServicesYCS is a Sabrix Certified Implementation Specialist and Consulting Partner. YCS is also a certified Vertex Implementation Specialist and Consulting Partner. We have extensive experience in implementing the Vertex Sales Tax L Series., Vertex Sales Tax Q Series., and Vertex Sales Tax Returns Q Series. YCS has successfully integrated sales tax systems into major ERP systems such as SAP, PeopleSoft, Oracle and J.D. Edwards using existing interfaces, and has designed custom and enhanced interfaces in these and other programs. Implementations have included sales order, purchasing, accounts payable and procurement card applications. MORETaxability Analysis/Research ServicesA company should know exactly which of its products and services are taxed, how they are taxed and the jurisdictions that will tax them. YCS defines product and service tax groups from a sales or purchasing perspective and researches taxability rules on a case-by-case basis. MORENexus StudyYetter Consulting Services (YCS) can analyze your business locations and activities to determine where nexus has been established and a responsibility to register and collect tax exists. Through the use of a detailed questionnaire and personal interview process, YCS will review your operations and activities in all jurisdictions where you are not currently registered and compare results with general nexus provisions. Based on your needs, YCS can provide results in a simple matrix format or a detailed report, with recommendations for the various jurisdictions. MOREVoluntary Disclosure & Registration AssistanceOnce you've established sales tax nexus in a particular state, you are required to register before beginning to collect sales tax from your customers and (along with any use tax obligation) remitting such tax to the state. We can assist you with registration, including such services as providing appropriate forms for your completion, review of completed forms prior to submission, or completion of the forms for you. MORESales and Use Tax Audit DefenseNo matter the industry or size of your company, sooner or later you may be subject to a sales tax audit. In fact, in these economic times, history tells us that states will increase their enforcement efforts. The ideal time to involve Yetter Consulting Services (YCS) is when the state initially notifies you that an audit is about to begin. A pre-audit planning meeting can help plan your audit strategy before the auditor arrives. However, we can help reduce the liability at any stage, even after it has been paid. Our knowledgeable and experienced consultants can immediately place you at ease with the entire audit process. MORESales and Use Tax TrainingYCS offers some of the most practical, timely and versatile sales tax training in the industry through its Sales Tax Institute. Basics of Sales Tax and Advanced Sales Tax Workshop are offered throughout the United States three times a year. Online and Customized training are also available. MORE |
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