Shae Givens - Sample Presentation 1

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Transcript of Shae Givens - Sample Presentation 1

Page 1: Shae Givens - Sample Presentation 1
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1. File

2. Remit

3. Report

4. Repeat

Easy…Right?

You Manage Sales & Use Tax

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210 million tax rules

13,000 state and local jurisdictions in the U.S

1000’s of product and service codes

Notices

Completing Forms

Updating Forms

Filing with Multiple Entities

Audit Defense Penalties

FeesCodes by industry, method of delivery, packaging, etc.

Filing

Web File

Print & Mail Returns

Hold Credits

Print Checks

Execute ACH (Treasury)

EDI File

Exemption Certificate Management

It’s not easy. There’s so much more to filing returns…

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And…you have even MORE to do!

Maintaining Forms

Remittance

Sales Tax Reporting

Tax Planning

Tax Projects

Manage, develop, train tax staff

Financial Analysis

Account Reconciliations

Manage Tax Compliance

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But, there’s a better way…

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With

You Gain an Entire Team!

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From preparing, filing, payment and agency notice management,

STS eliminates the hassles associated with sales and use tax

returns.

With Taxware STS, you can

leverage:

• Multi-lingual Capabilities (i.e. Fluent

Spanish for Deciphering Puerto

Rico Tax Rules)

• 40+ Attorneys, LLM’s, CPA’s,

MST’s, MBA’s, CMI’s

• 100% US-Based In-House Team

• Dedicated Account Managers

• Network of Senior Contacts at the

Various Departments of Revenue

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A Smarter Use of Your Resources

Your Team Can Focus on:

STS will take on the burden of tax

filing, remittance & reporting.• Strategic Growth Initiatives

• Proactive Tax Projects

• Innovative Tax Planning

• Business & Process

Improvements

• Financial Forecasting

• Being a Strategic Business

Advisor

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Rely on STS for:

Import Your Data and STS Does the Rest

• Accurate sales and use tax returns

filing (electronic and paper)

• Tax return payments (ACH and

check)

• Agency notice management

• Administration of pre-payments and

adjustments such as credits, over-

collected tax and holds

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Look

how

easy

it is

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Benefits• Gain an Entire Team of Experts

• All for the Same or LESS Than Your Current Cost Per Return

• Stay Current on Tax Rules & Rates

• Minimize Late Fees and Filing Errors

• Reduce the Burden of Day-to-Day Filing, Remittance and

Reporting

• Free up Your Staff for Strategic Planning and Growth

Projects

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Your Current Filing Process

Number of Unique Returns Filed

Number of Entities

Number of Data Sources

Number of Staff

Burdened Hourly Rate

Hours for Rate/Rules Research (Month)Changing Tax Rates, Rules, Due Dates, Form Changes

and New Forms.

40

1

2

1

$25.00

4

$138

$2,763

$33,150

64%

$32

$1,280

$15,360

$106

$1,483

$17,790

Cost Per Return

Monthly Research, Filing, Payment Notices

Annual Cost

% of FTE Salary

With Taxware STS

Cost Per Return

Monthly Cost

Annual Cost

Return on Investment

Difference Per Return

Difference Per Month

Annual Difference (First Year ROI)

This is how much it

can cost you to do it

in-house

This is how much it

can cost you with

Taxware STS

This can be your ROI

$33,150

$15,360

$17,790

The Bottom Line

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With Taxware STS, You Can:

• Leverage the expertise of over 40 Tax Research

Experts to keep up with tax rules in 13,000

jurisdictions and maintain 1,200 tax form changes

each year

• Trim the fully-loaded cost of preparing a return

• Mitigate the risk of missed filing deadlines due to

absence or change in staff

• Eliminate the burden of investigating and responding

to agency inquiries

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For a Personalized ROI,

Contact