Sales Tax & Nexus Compliance Program Prompt
Prompt
Our [PASTE: client]] operates in multiple states and has sales tax compliance concerns and exposure. Create a sales tax compliance program. Include: (1) Nexus assessment – in which states do they have sales tax obligation? (2) Compliance review – are all required returns being filed? Tax calculated correctly? (3) Sourcing rules – how should sales be sourced in multistate transactions? (4) Exemption documentation – do they have valid resale certificates and exemptions? (5) Technology & automation – what system upgrades would help compliance? (6) Exposure assessment – what's audit risk? Exposure from prior years? Include state-by-state summary and filing requirements checklist. Show exposure.
Why it works
Sales tax complexity is high and audit risk is rising. Proactive compliance avoids penalties.
Watch out for
Sales tax rules change frequently. Build in process to stay current.
Used by
Finance Teams