Sales Tax Series Blog 6 – Sales and Use Tax 3rd Party Bolt-On Software

Posted on: December 30, 2019 | By: Andy Vitullo | QAD Financials, QAD Distribution, Microsoft Dynamics Manufacturing

Previous blogs in this series described the complexities of Sales and Use Tax configurations in ERP. If your business requires a 3rd party bolt-on software package, the following requirements should be considered.  Tax Rate Database o Integration to the tax rate database should be seamless. The software should include a connection to transactions including quotes, sales orders, invoices, purchase orders and accounts payable transactions. o Tax rate updates should...


Sales Tax Series Blog 5 – ERP Challenges

Posted on: December 30, 2019 | By: Andy Vitullo | QAD Distribution, Microsoft Dynamics Manufacturing, QAD Financials, ERP Selection

Ensuring a sound United States sales tax configuration in your ERP system can be a challenging endeavor. Your business needs to consider the following. How many U.S. states does the business have Nexus? (Nexus is the relationship between a business and a state that requires the seller to register, collect, and remit sales tax on sales made in the state). What is the jurisdiction level of detail required for tax...


Sales Tax Series Blog 4: Business Risks and Challenges, the Ever-Changing Sales Tax Landscape

Posted on: September 27, 2019 | By: Andy Vitullo | QAD Business Process, Professional Services, QAD Financials

The United States Sales and Use tax environments are ever changing. States continue to pull this lever for revenue enhancement.   Monthly, jurisdictions publish new tax rates.   Tax laws and regulations change at the whim of state legislatures.   County and City changes occur as the result of ballot initiatives. Lack of understanding of the sales tax environment can create unintended business risk. Corporate leaders are personally liable for sales taxes accrued...


Sales Tax Series Blog 3 – Consult the Tax Professionals

Posted on: June 30, 2019 | By: Andy Vitullo | QAD Financials, Professional Services

The complex US Sales Tax environment can have cost and risk impact on your business. An accurate ERP Configuration ensures the collection of transactions with appropriate tax calculations. Understanding the comprehensive business conditions for sales tax requires knowledge of Nexus, Exemption Rules for Customers, Exemption Rules for products or services, filing deadlines, filing agencies, form requirements, and evidence-based audit requirements.   Typically, small to medium size businesses lack internal resources...


United States Sales Tax Series (Blog 2) – The Complex Sales Tax Environment

Posted on: June 26, 2019 | By: Andy Vitullo | QAD Financials, Microsoft Dynamics AX/365, ERP Selection

This is the second in a series of Blogs regarding Sales Tax environments in the United States. This series will describe general considerations, legal environment and other conditions that create impact your business Sales Tax requirements. The complex environment exists because state legislatures create unique sales tax laws. There are some common conventions across the states. They include: • Sales Tax are calculated based on where the product lands or...


United States Sales Tax Series

Posted on: June 25, 2019 | By: Andy Vitullo | QAD Financials

Over the next few months, we will publish a series of blogs discussing transaction taxes in the United States.   In the US, we refer to these taxes as Sales Tax. These taxes are a percentage of goods or services paid by the recipient.   The legislative rules for these taxes can vary greatly from state to state. Our intent for this blog is to cover the following: The complex transaction tax...