Slides from joint AccurateTax and Stone Edge webinar, February 18, 2021. Taxes are complicated, simplify the process by enlisting the help of the experts.

1. Streamline Your
Sales Tax Process in
2021 with
AccurateTax

2. A Brief History of Online Sales Tax
Quill Decision (1992)
Wayfair Decision (2018)
Economic Nexus Laws
(44 States + DC)

3. • Determine current nexus states
• Register to collect sales tax in each state
• Collect sales tax from shoppers
• File sales tax returns with payment
• Plan for review of new nexus
requirements
Example Business Process
Sales Tax

4. Streamlined Sales Tax
What is it? 24 member states

5. Streamlined Sales Tax
• Choosing sales tax software
– SST Certified Service Providers
• About AccurateTax and SST
– SST Certified since 2011
– Founding member of National Association of Certified Service Providers
• How does it help you?
– Free certified software (in most cases)
– Simplifies reporting and payment processes
– Liability relief
– Audit support
• Should you participate?

6. Our Software
• Real-time sales tax calculations
• Tax reports
• Integrates with major shopping
carts
• Integrates with Stone Edge
Order Manager
• Supports batch data import

7. Our Services
• Nexus determination
• Registration support
• Filing / Remittance services
• Exemption certificate
management

8. How to Set Up AccurateTax
1. Sign up for a free trial account
2. Add your store locations
3. Identify the states where you collect sales tax
4. If you have an e-commerce site, install the
module or plug-in for your shopping cart
5. Set up Stone Edge Order Manager to use
AccurateTax

9. AccurateTax Settings

11. Stone Edge Order Manager Settings

12. Additional Settings
• Product tax classifications
• Shipping tax classifications
• Tax classes for each charge in your store
– E.g. discounts, fees, delivery “extras” such as
liftgate or signature required
• Custom tax rules
• Tax thresholds
• Sales tax holidays

13. Certificate Validation Process
1. Customer provides certificate to merchant
2. Merchant forwards certificate to AccurateTax for
validation
3. AccurateTax confirms customer’s information with
state
4. AccurateTax creates customer exempt code
5. Merchant inserts exempt code in Customer record
6. Exempt code provided for customer transactions
• (valid for states associated with certificate only)
6 Step Process

15. Find this presentation online at:
www.slideshare.net/accuratetax
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