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PTCS |
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Profile |
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Sales & Use Tax Compliance Services |
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Sales & Use Tax Compliance Quick Quote |
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R&D Tax Credit Documentation Services |
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R&D Tax Credit Evaluation Request |
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Contact Us |
PTCS model for monthly sales and use tax compliance
PTCS will work with you to develop a customized monthly compliance solution that interfaces seamlessly with your internal processes. Our “full service” engagement model (detailed below) includes PTCS signing returns and making payments to taxing authorities on your behalf. Our compliance process is completely scalable, however, allowing you to retain those internal processes you wish to manage in-house. Compliance engagements with PTCS are affordable as well.
Clients often find that the monthly cost of our services is less than the timely filing discounts granted each month by many taxing authorities!
The PTCS sales and use tax compliance process associated with our “full service” engagement is as follows:
Provided by Client
| Sales tax Report data | Use tax Report data | G/L report (sales & use tax accts.) | Forms & notices received from taxing authorities |
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PTCS
| Data review and analysis for reasonableness. |
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Data entered into sales and use tax forms software for tax calculation and return output. Forms are of professional quality and meet all state scanning and form-reading requirements. |
Online filing directly with taxing authorities is performed where permitted. This process saves time and decreases the likelihood of states generating errors when processing your returns. |
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A summary report is generated indicating (for each taxing jurisdiction) tax due, discount amount, etc. Proper G/L accounts are indicated associated with each required payment. Payments are made to the various taxing authorities directly by PTCS, or check requests/EFT requests are submitted to your A/P department. |
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Timely mailing to the taxing authorities (or timely online filing) is performed by PTCS with the necessary proof of mailing/proof of filing paperwork generated. Filed tax returns and associated workpapers are archived in PDF and hardcopy form thereby providing an appropriate audit trail for future reference. |
In addition to the services described above, the PTCS sales and use tax compliance process includes tax calendar maintenance and management of all correspondence with taxing authorities associated with sales and use taxes. If you receive any correspondence related to sales and use taxes, simply forward it to us and we will take care of it from there!
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