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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.
Information on the instant asset write-off and tax loss carryback measures in Australia with potential tax savings for clients.
First-of-its-kind gross receipts tax imposed on businesses deriving revenue of at least $1 million from digital advertising in Maryland.
Now that we are post-Brexit and new rules have been released, companies must quickly move from planning to execution stage.
Reverse sales and use tax audits can help businesses improve cash flow and provide long-term tax compliance improvements.
Mexico released tax changes for 2021. Some new rules may have significant impact on U.S. companies doing business in Mexico.
A new nexus safe harbor is available for remote sellers making under $100,000 of sales to Chicago customers in the previous four quarters.
Iowa taxpayers making computer and computer peripheral purchases have new guidance for determining what items qualify for exemption.
New Jersey Gov. Phil Murphy has approved a bill that authorizes over $14 billion in business tax credits and incentives.