I Serving Clients
How Can Sales Tax Colorado Save You
Money? We Will ...
Provide your company advice on ways to legally reduce the amount of tax due on a transaction. For
instance, how a company structures its invoices can affect the taxability of the entire
transaction. In many states an item can become taxable if not separately stated on the invoice. We
also review company purchases to determine which assets may qualify for exemptions. Finding
overlooked exemptions can often result in significant savings.
Review viable tax saving alternatives
that are right for you.
Gain an understanding of your products
and services and provide you with actionable information in the form of a "plain language
chart" on how various states' Sales Tax laws apply to each. Such matrices will provide
taxability and technical direction to allow your personnel at a glance to determine taxability with
accuracy and efficiency. The matrices will also assist in reducing tax exposure and the risk of
overpaying taxes, as well as reducing the cost associated with future Sales & Use Tax audit
Recommend procedures to improve or
implement proper Sales & Use Tax collection and filing requirements and provide guidance on the
retention of proper supporting documentation, including exemption and resale certificate
Assist in structuring invoices to
increase the likelihood that taxes will be properly billed and collected from customers based on
the company's primary service offerings. Assist with the implementation of Sales & Use Tax
payment and self-assessment procedures, along with recommendations for implementing proper
procedures to assure taxes will be properly reported and remitted to the applicable taxing
Obtain an understanding of the
company's primary vendors and recurring purchases and review or implement company's policies and
procedures for payment/non-payment of Sales & Use Tax on purchases.
Review current procedures, if
applicable and/or recommend cost-effective solutions relating to the Sales & Use Tax return
filing process and evaluate whether the company would benefit from out-sourcing and/or automating
aspects of the Sales & Use Tax return filing and other compliance processes.
Sales Tax Colorado provides
technical direction to assist in determining how the Sales & Use Tax laws apply to your
specific business. We can also do an in-depth evaluation of your current and potential future
business activities to provide alternatives that may position your business to take advantage of
exemptions or to derive a future Sales or Use Tax benefit. This planning can include options such
as restructuring an entity or transaction to legally qualify for Sales or Use tax exemptions or
exclusions. We will advise you of ways to legally reduce the amount of tax due on a transaction or
ways of saving your tax dollars.
Corporate Startup / Expansion Consulting - New? - Got Sales Tax Covered? Growing? - Keep Up On
Registrations, Taxability And Exemptions.
Sales Tax issues affect personnel in Accounting, Accounts Receivable, Accounts Payable, Billing,
IT, Purchasing, Tax and various other departments. A proper understanding of Sales & Use Tax
laws and the associated procedures will help ensure the business' success and minimization of the
New markets, products or services raise taxability and nexus issues, as well as additional
collection requirements. In today's world of inconsistent, constantly changing Sales Tax laws and
aggressive states trying to fill their revenue coffers, businesses simply cannot afford to rely on
the status quo. Sales Tax Colorado can keep a new or expanding business in compliance and ensure
they only collect and pay Sales & Use Tax when warranted.
Resale And Exemption Certificate Consulting - Get A Handle On This Important Area.
"It's taxable unless proven otherwise." This is heard all too often. The burden is on
business not only to receive properly completed exemptions certificates, but to maintain and be
able to retrieve them years later.
When auditors review your invoices and purchases, they'll require supporting documentation when tax
wasn't charged or paid. If your customer was exempt, but you can't retrieve the certificate to
prove it, you could owe the tax plus penalties and interest! The large volume of certificates to be
managed by some businesses can be overwhelming.
Our professionals will review and test your procedures and recommend appropriate solutions to
ensure your protection.
Taxability Matrices And Technical Memoranda - Don't Over Collect Or Remit. Know What's
We will develop tax matrices and/or procedures to enable your personnel to make proper taxability
decisions. This may also uncover compliance areas where over or underpayments have occurred and a
prior liability or refund opportunity exists. The matrices can be used in quantifying any prior tax
liabilities and/or overpayments. We can provide clarity with respect to taxability issues that may
be difficult to abstract from regulations and prior court rulings. When needed, we can seek binding
interpretation directly from the state based upon your specific circumstances.
Compliance Software Solutions - Is Automation Right For You?
Sales growth, new geographic markets, or an increase in products and services often trigger
consideration of automating some or all of the compliance functions. This can include determining
taxability and correct tax rates to charge, managing exemption certificates, completing required
The investment in the software can be significant even before integrating it and involving your IT,
Accounting, Tax and other personnel. Making the wrong choice can easily turn the investment into a
Call on us for help determining what level of automation you need and which vendor's products are
right for you.
Large Transaction Structuring & Consulting - Don't Over Pay Taxes!
When the stakes are high, our professionals can often recommend proven strategies to eliminate
taxability of a transaction or to defer the taxes over time. Deferrals allow the purchaser to sell
the asset later having only paid a portion of the Sales or Use Tax otherwise due.
Outsourcing & Automation Consulting - Is Doing It All In-House The
Best Option? Want More Time For Your Core Business?
Outsourcing is commonplace in today's world of business. Reducing or eliminating non-core
activities allows personnel to focus on the critical success factors driving your business. Sales
Tax compliance such as return preparation and filing can be a great candidate for outsourcing.
Some firms want to continue handling some or all of their Sales Tax compliance internally, but do
not possess the correct tools. Our specialists can help determine if automation or full or partial
outsourcing is the right solution for you. We'll also help ensure the vendor providing the desired
solutions is a good fit for your needs and systems.
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us today for a no-obligation
consultation about your Sales & Use Tax issues.