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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.

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Kansas adopts Wayfair threshold; makes other business tax changes

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Kansas adopts Wayfair threshold; makes other business tax changes

Tax bill requires remote sellers with over $100,000 in sales in the state to collect and remit sales taxes beginning July 1, 2021.

  • David Brunori , Scott Durham, Joe Gilley
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  • May 04, 2021
Florida adopts Wayfair threshold for remote sellers

TAX ALERT

Florida adopts Wayfair threshold for remote sellers

Tax bill adopts economic sales tax nexus and marketplace facilitator nexus; makes other administrative tax changes.

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Massachusetts requires sales tax advance payment; changes filing date

TAX ALERT

Massachusetts requires sales tax advance payment; changes filing date

Beginning for the April tax period, certain taxpayers are subject to advance payment requirements despite a longer return filing period.

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Kentucky makes moves to attract cryptocurrency miners

TAX ALERT

Kentucky makes moves to attract cryptocurrency miners

Kentucky passes a series of tax bills intended to attract cryptocurrency miners with new exemptions and credits.

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Australian tax incentives: Significant savings for U.S. multinationals

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Information on the instant asset write-off and tax loss carryback measures in Australia with potential tax savings for clients.

Maryland becomes first state in the nation to tax digital advertising

TAX ALERT

Maryland becomes first state in the nation to tax digital advertising

First-of-its-kind gross receipts tax imposed on businesses deriving revenue of at least $1 million from digital advertising in Maryland.

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  • February 15, 2021
VAT and customs: Benefiting from Brexit

INSIGHT ARTICLE

VAT and customs: Benefiting from Brexit

Now that we are post-Brexit and new rules have been released, companies must quickly move from planning to execution stage.

  • Steve Butler, Mark Ludwig, Simon Kelly
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Now is always a good time for a reverse sales and use tax audit

INSIGHT ARTICLE

Now is always a good time for a reverse sales and use tax audit

Reverse sales and use tax audits can help businesses improve cash flow and provide long-term tax compliance improvements.

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