SERVICES
- Application for sales and use tax permits with the appropriate state revenue departments where clients are conducting or anticipate doing business.
- Application for good standing certificates with the appropriate Secretaries of State in the states where clients are conducting or anticipate doing business.
- Manual or automatic sales data formatting (if required).
- Monthly, quarterly, semi annual, and/or annual filings of state, county, and local sales and/or use tax returns depending on jurisdiction requirements.
- CSP America will also retain copies of returns for 7 years.
- CSP America will cooperate in compliance with and defense of notices from states challenging the validity and accuracy of the returns
- CSP America will also open a separate account for each client at a nationally recognized financial institution to receive, hold, and distribute the tax payments due. Clients have online access to view activity in their accounts.
TOOLS
Sales and Use Tax Computation Engine: Made up of two components: A Calculation Engine and an Address Verification System (AVS). Both are accessible through a simple downloadable component. This component is the secure communication vehicle that allows the passing of address and sales information to the engine for address verification and tax calculation. The AVS will correct the address if mis-typed, add the plus-four to the zip code, and assign the 10 position Geocode for tax calculation. The tax engine then calculates the appropriate tax or taxes. It can take a simple order total, or very complex and detailed line items in the case that some products are taxed differently. Through a product mapping to the tax matrix, the system can determine taxability for those difficult products. The engine will accurately calculate for all the 9,000 + tax jurisdictions in the U.S. as well as Canada. The engine records every transaction down to the line item level. The system will also create sales data reports for any desired time frame. The reports are separated in the same manner in which one would file returns (e.g., a city broken out separately from the state due to that city requiring its own return). This is all available without the purchase of any hardware or software whatsoever.
Sales and Use Tax Returns & Remittance: Like the tax engine, no hardware or software purchases are necessary with the returns system. The Returns Engine takes a level of required information to accurately populate any and all of ones sales and use tax returns for accurate filing. Once the minimum requirements are met, the returns are gathered, and the tax and technical experts set up the returns. They are then tested for accuracy. From there, they are simply viewed through a secure website in which each client has access. State, county, city, and local returns are all included in this product. The product can be used in conjunction with the computation engine, or by itself. The advantage to having both products is that the computation engine provides the largest of the data requirements in the file automatically.
