Documents » cfo tax compliance costs.
Abstract: Acquiring, validating, and managing sales
tax and use
tax exemption certificates can be challenging. However, the appropriate exemption certificate management (ECM) strategy can help avoid sales
tax audit risk while lowering audit assessments and penalties. Learn how to find the right solution for your organization.
PubDate: 8/6/2008 12:13:00 PM
Abstract: By some estimates, there are over 8,000 sales taxing jurisdictions in the US—and they implement from 900 to more than 3,000 rate and tax-rule changes every year. Understandably, the accountants who try to guide small to medium businesses (SMBs) through the intricacies of tax compliance are having a hard time of it. However, solutions are emerging that are uniquely suited to SMB needs for sales tax compliance.
Abstract: Sales and use tax compliance is serious business. To reduce your risk of facing a costly audit, you need to invest time and effort up-front by formulating a transaction tax policy. Responding effectively to audits involves knowing about your company, your operations, and your resources. Find out why a tax policy is important to your organization and how to make it part of your business process and procedures.
Abstract: Even in the best economic times, businesses must be vigilant against unnecessary costs and risks. But not just businesses need to be vigilant—states and other tax authorities are feeling the same economic pinch, and are ready to seek out non-compliers with tax reporting. Get tips on how to survive sales and use tax audits, starting with understanding your exposure to audits and how to avoid them right from the start.
Abstract: When it comes to transaction tax management, midsized companies haven’t much choice. They can either stay the course—increasingly complex and risky—or they can change direction and embrace outsourcing as a way to achieve compliance. Per this survey, only 14 percent are satisfied with their present course. As a viable outsource offering for mid-market tax compliance now exists, such a shift seems inevitable. Learn more.
Abstract: The complexities and fluidities of sales tax nexus can be overwhelming and require the constant attention of a tax expert to navigate, but most small to medium businesses (SMBs) cannot afford that kind of resource internally. Meanwhile, the penalties for undercollecting, underreporting, and underpaying sales tax can be huge. Learn more about nexus issues and how they can impact your business—and your bottom line.
Abstract: Staying compliant with state transaction tax collection requirements is like navigating a mine field. Slipping out of compliance is easy—and you might also discover you’ve been out of compliance in one or more tax jurisdictions. You can reduce your liability and go forward with a clean slate through a voluntary disclosure agreement (VDA). Learn the ins and outs of the VDA process and the benefits you’ll gain.
Abstract: High-level strategic decisions often have multiple, cascading cost impacts. The reaction of the costs to changes in the supply chain system is not predictable in a simple relationship that is based on current standard costs, because strategic changes often involve step changes in costs that alter the balance of fixed and variable costs.
Abstract: Enterprise resource planning (ERP) implementation costs can be divided into one-time costs and ongoing annual costs. Both types of costs can be segmented into hardware, software, external assistance, and internal personnel. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.
Abstract: Understanding the full scope of risk in today’s complex business environment is a must for achieving compliance with governmental mandates and industry regulations. However, many companies have a limited perception of risk and struggle to make compliance an enterprise-wide, integrated process. Compliance is no longer a one-time isolated project; it’s an ongoing effort—and you’re just tens steps away from discovering why.
Abstract: Issues of governance, risk, and compliance (GRC) affect nearly everything life sciences companies do. But you shouldn’t approach GRC in an ad hoc manner—implementing point solutions one after another in response to regulatory demands as they arise. This is inefficient and costly—and may result in non-compliance, due to lack of transparency. Learn how an enterprise-wide GRC approach to compliance management can help.
Abstract: Staying on top of compliance, both internal policies and external regulations, can make your head spin. Depending on your industry, dealing with compliance may involve addressing the renewal-based certification, licensing, or accreditation of your employees. Software solutions administer and manage these processes, and help you reduce compliance costs, increase compliance rates, and minimize your exposure to risk.
Abstract: Compliance is often treated as a necessary evil that creates costs, disruption, and complexity. But these pains often result from dealing with compliance in a clumsy way due to a lack of resources and the absence of a compliance strategy. There’s a better way: using standards-based data management solutions that integrate with existing infrastructure and leverage automation to embed compliance at all levels. Find out how.
Abstract: Taxation of Internet commerce will be a football that gets tossed around in the United States long after Superbowl 2000 is just a memory. In Singapore, however, they positively see taxes negatively
Abstract: Find out in the practical survival guide. managing transaction
tax audit risk.
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Abstract: In mid-market report: the changing face of sales and use
tax compliance, find out just how bad the problem has become, and what midsized companies ...
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Abstract: Litigators and regulators are aware of the importance of e-mail, often making it the first target and most significant of discovery efforts. Typically, discovery costs make up at least 50 percent of litigation costs, and most discovery efforts and costs relate to e-mail and e-discovery. Learn why many current e-mail archiving policies don’t work, and what you should be doing to improve your company’s records management.
Abstract: On November 23, QAD Inc. reported that its total revenue for the third fiscal quarter ended October 31, 1999, rose 56 percent to $56.7 million, from $36.4 million in the same quarter last year. License revenue was $20.6 million, an increase of 21 percent compared with $17.1 million in the prior-year period. Excluding non-recurring tax charges totaling $1.3 million, QAD reported a net loss for the third fiscal quarter of $3.2 million, or $0.11 diluted loss per share. Including the $1.3 million of non-recurring tax charges, QAD's net loss for the third quarter was $4.5 million, or $0.15 diluted loss per share. This compares with last year's
Abstract: For Sequa, a manufacturing company with 60 major operating units, the challenge was to replace its old fixed assets management system—which didn’t support tax law changes— with a remotely accessible solution to eliminate manual calculations. Sequa’s new Web-hosted solution allows accurate results, better reporting, and up-to-the-minute tax change support—with no need for IT maintenance. Learn more about the benefits.