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Special Consulting & Advising Services
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Taxware provides tax consulting and advising services to companies based on an array of industries, markets, and locations. Tax planning issues may involve limited strategic advice on transaction tax issues, such as (a) Drop shipment (US) regimes to minimize sales tax collection obligations; (b) Triangulation simplifications (EU) to minimize cash flow outlays; (c) Nexus exposure review (US) through inadvertent use of fulfillment houses; (d) Application of special schemas (EU) for digital sales (distance selling, for example).
Specific areas of consultancy and advisory include:
- Research issues: Taxware examines the taxability of tangible personal property and services, e-commerce transactions, fees, entities and used of property or enjoyment of services, and many others on a vast number of jurisdictions (50 US states and 13 provinces in Canada, and on 106 other countries around the world). Specialty research services to determine taxability of a client's goods or services.
- Auditing assistance: Taxware assists companies in the auditing process through tax processing and reporting products that provide key information to effective tax auditing. In terms of audit defense, Taxware can provide a full range of legal as well as accounting expertise in the design and development of defensible positions both for state audit (Sales and Use Tax) and international audits (VAT). Resources are available to provide expert advice and testimony in transfer pricing audits and in support of Advance Pricing Agreement documentation.
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| Adding Custom Product Codes (Goods/Services) |
Taxware provides custom product codes based upon the tax decisions provided from customer, or tax decisions from Taxware research. Either the customer or Taxware, depending upon the contract, maintains the custom product codes. |
| Product Code Mapping (Goods/Services) |
- Review the customer's products and assign appropriate product codes that are contained in our system.
- Map customer’s SKUs to either Taxware general release product codes or custom product codes based on customers taxing decisions.
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| Adding Standard Tax Calculation by Region |
Taxware analyzes standard taxability of product and creates the logic into its applications to calculate the appropriate tax based on jurisdiction, entity or use products. |
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Drafting Letter Rulings
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Taxware assists customers with special tax issues to request letter rulings from the state, on behalf of the company/client. Taxware would draft a letter with all the relevant facts asking the state how the client should be taxed/or not taxed.
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Tax Compliance Process Analysis
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Taxware creates test scenarios based on custom specifications, process tests through applicable Taxware product(s) and/or language(s), and verify that the results meet the client requirements. Taxware would also test any changes/updates that Taxware is responsible for maintaining. |
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Adding Tax Returns into TaxSolver
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Taxware provides new and updated forms/returns for customer. Taxware, depending upon the contract, maintains the updating of the form/return. |
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Tax Rule Data Building
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Taxware provides tax decisions for parallel markets within Taxware Enterprise. Decisions may be provided by the customer or based on research conducted by Taxware (i.e. liquor tax, occupancy tax).
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Converting or Migrating Client Data
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Taxware would assist clients with the migration of legacy data (SUT and WorldTax) such as jurisdiction information, product codes, SKUs, and tax type data and convert it into Taxware Enterprise input data (Taxing Jurisdiction Codes, GS/EU codes, Transaction Type, etc.). Some development tools may be required. |