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Indirect tax consulting and compliance
Taxing transactions: Sales, purchases, intercompany and cross-border movements
At its core, there are three elements to indirect tax: the transaction, the tax liability of the transaction and the associated compliance obligation. At first glance, indirect tax is a relatively simple concept—but getting your associated compliance right is far from simple. There are more than 170 countries around the world operating a VAT system, but the U.S. operates a sales and use tax system with myriad rules, regulations, taxing jurisdictions and compliance obligations. In addition, the cross-border movement of goods introduces the possibility of customs duty and excise taxes as well as VAT.
Most tax authorities are unsympathetic to the mistakes businesses make managing their indirect taxes, and will consequently apply significant penalties.
RSM offers a full suite of consulting, compliance and automation services covering indirect taxes both domestically and globally from a highly trained and experienced U.S.-based team. We help companies avoid common mistakes by guiding them on the right path to managing each transaction. RSM professionals will work with you to establish processes and systems that mitigate risk, improve efficiency and meet your compliance obligations.
Our annual tax planning guide for businesses addressing federal tax changes and developments that affect the middle market.
Many business situations call for a thorough sales tax review to assess and resolve past overpayments and underpayments of sales and use tax
The sales and use tax rules on cloud computing and digital goods are foggy at best. Four key steps can help you better see the road ahead.
State and local tax implications of the explosive growth in telehealth arising from the global COVID-19 pandemic.
New and clarified regulatory requirements for purchases made by, or on behalf of, exempt entities in Illinois effective June 3, 2021.
Three years after the Wayfair decision, economic sales tax nexus has become the norm, but unanswered questions and numerous issues remain.
Effective July 1, 2021 the EU’s broad e-commerce package came into effect. The reform aims to modernize VAT for cross-border e-commerce.
A new hybrid destination-based sourcing methodology impacts both in-state and remote sellers with New Mexico customers.