BUSINESSMANAGEMENTREVIEW.COMMARCH 202419"We take a step further as consultants and function as a revenue center for clients, helping identify all areas of improvement regarding sales tax compliance," says Jeff Stonerock, tax director at Clarus Partners. Clarus Partners is proficient in identifying overlapping areas that hold opportunities for credits, refunds, and tax exemptions. The team scrutinizes how purchases are structured across different channels to help companies realize significant tax savings without derailing from sales and use tax compliance. They also monitor sales activity for nexus determination which cuts down on clients' administrative burden. "Our compliance services are generally a combination of onsite resources and offsite support, which enables us to mitigate any challenge and deliver a seamless end-to-end service to clients. We always strive to render sales tax compliance more efficiently and cost-effectively," says Stonerock.A case in point involves a procurement business that approached Clarus Partners for assistance regarding the correct determination of sales tax. Although the products procured were either exempt or refundable, their tax-determining software was not generating the appropriate credits. The Clarus Partners team provided its unique insight and expertise by modifying data feeds in their ERP and accounting software to correctly identify every sales transaction. Then they correlated the data into their software, helping them deduce the correct tax to pay after refunds. The team took a step further and analyzed the purchases in different functional groups to identify areas of additional credits and tax refunds that were instrumental in driving down tax costs for the client.Clarus Partners is synonymous with many similar client success stories. It affirms all its success to its team of highly skilled compliance experts who hold a wealth of knowledge in all paradigms of sales and use tax, regardless of the State. This approach enables it to devise compliance processes from an external and internal perspective and from an internal angle, making Clarus Partners an ideal partner for sales tax compliance. Our compliance services are generally a combination of onsite resources and offsite support, which enables us to mitigate any challenge and deliver a seamless end-to-end service to clients
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