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United States Sales Tax Reporting. Overpayment/Liability Project. Taxation Complex. Food Prepared food Supplements Tangible personal property Bundled products. Product Taxation Matrix. Product Taxation Matrix Continued. Mini-Audit. Archaic BOBO reporting New DW reports

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United states sales tax reporting

United States Sales TaxReporting

Overpayment/Liability Project


Taxation complex
Taxation Complex

  • Food

  • Prepared food

  • Supplements

  • Tangible personal property

  • Bundled products




Mini audit
Mini-Audit

  • Archaic BOBO reporting

  • New DW reports

  • Liabilities

  • Overpayments

  • Calculated estimated liabilities


Resolution
Resolution

  • Prepare data for new sales tax returns

    • Combine overpayment data and liability data

  • File amended returns for periods in statute

  • Communicate

  • Prepared for audits


Conclusion
Conclusion

  • Short Term – Job Security 

  • Long Term – Efficient and Accurate Sales Tax Reporting

  • The net result of the project is recovering thousands of dollars of over-remitted tax!


Sources
Sources

  • BOBO Reports

  • Data Warehouse Reports

  • State Summary

  • Taxability Matrix Data

  • Various State Taxing Authority Websites



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