Community

Find answers, ask experts and talk with the procurement community

Tools

Do you want to deliver savings faster, reduce risks and transform functional performance?

Industry-leading events

Inspirational thinkers and innovators share their vision, providing unique opportunities to network and share best practice

Upcoming events

6th Annual World Procurement Congress London

Executive Briefings - 15 May, 2018
Congress - 16-17 May, 2018

World Procurement Congress organised by Procurement Leaders is the undisputed leader in the field, featuring cutting-edge content and real life case studies from inspiring speakers.

Resources

My Profile

Sales and Use Tax: Five Solutions to Become Best In Class
All resources

Sales and Use Tax: Five Solutions to Become Best In Class

To download this resource Register for free or Login

State governments are looking for ways to raise revenues and your tax dollars are at risk! Two methods they are currently using are (1) increasing their audits and (2) keeping your tax dollars in their treasuries that you may have unfortunately overpaid.

 

Sales and use tax overpayments add up, so you need to be proactive to find them on your own. It can certainly be worth the effort. A couple of recent examples show why: One Global 1,000 company was paying both sales and use taxes on the same purchases, resulting in an overpayment of nearly $3 million which was eventually refunded by the state. Another found it overpaid use taxes totalling $1.5 million on non-taxable software license fees. Both companies have implemented corrective action plans that will affect their bottom lines and cash flow.

 

Be proactive and take the following five steps that can provide sales and use tax solutions to become best in class.