Sabrix Managed Tax Service: Nexus Determination
Are you unclear on what business activities create nexus, or tax liability in a state, or what having nexus requires you to do? Can you use tips on key mistakes to avoid when completing a state nexus questionnaire and how to deal with problems you may discover? Revenue-hungry states are becoming increasingly aggressive and are improving collaboration with other states in attempts to catch transgressors. States have no statue of limitations on your liabilities so the penalties and interest can accumulate.
Sabrix Nexus Determination Services:
Sabrix’s SAS 70 certified team of tax experts, including multi-disciplinary professionals in tax law, tax policy, research, and audit, employ industry proven best practices to thoroughly review your business activities, interpret state laws and deliver a complete nexus report with analysis so you can understand your liability state by state.
The Sabrix Nexus Determination Services Include:
- An intensive discovery process that enables our tax experts to understand your business activities such as but not limited to: where you maintain permanent or temporary business locations, where you conduct meetings or attend trade shows, and where your representatives operate on your company’s behalf.
- Client consultation period to review the summary of these activities to ensure our tax experts focus states and laws that might affect your business.
- Analysis and detailed report preparation is delivered to you providing a thorough interpretation of nexus liabilities and identification of the number of states in which you need to register and file.
- Review of your nexus report with Sabrix tax experts to provide your organization with an understanding of the report findings.
Sabrix tax services team can provide direction on the next steps including filing in states and voluntary disclosure agreements. In addition we can discuss how Sabrix Managed Tax Service, an outsourced sales and use tax service managed by skilled tax experts provides tax lifecycle management from tax determination to return preparation to rapid reconciliation and preparation of audit reports.
To learn more, contact us at 1.866.472-2749 or email inforequest@sabrix.com