Exemption Certificate Solutions
The collection and management of exemption certificates is a vital process that is integral in protecting against inflated audit assessments. Ensuring that your certificates will be acceptable in an audit can be a time-consuming task. This task can often made harder due to a lack of training, tools, appropriate staffing or time constraints. Our motto at Peisner Johnson is we solve state tax problems and when it comes to exemption certificates we offer the following solutions to make your life easier.
In our free Hotspot review, we take a 10,000-foot look at nexus, tax
rates, taxability, exemption certificates, and use tax. On the exemption
certificate component we usually spot check 25 random certificates for
the issues an auditor would usually deem a certificate to be invalid.
In a process review, we examine and evaluate your current process and
make recommendations, if needed, on how to improve it. Improvements
may result in better protection for the company, greater efficiencies in the
process or an overall easier customer experience.
This review is usually performed in conjunction with a certificate exposure review.
In an exposure review, we can examine a sample or certificates or all
certificates, to see if the certificate is on file and if so whether the certificate
is likely to be acceptable to an auditor.
If a certificate is missing, incomplete or has the common issues that
create problems in an audit, we can work with your customer to either
collect or correct a certificate.
We can provide training as to what certificates are acceptable in each
state as well as some best practices.
We can provide varying levels of support on an ongoing basis.
We can provide you access to cloud-based software that in addition to
being able to centrally store your certificates offers a plethora of tools
to make certificate management easier.
We can provide validation services for new certificates as they come in.
Checking to make sure they are on the correct form, completely filled
out as well as being signed and dated.
We can provide a mix of any or all of the above solutions that
enables you to be generally free of all stages of the certificate.
management process except for the initial request of the certificate.