Tax
Our Financial Tax Services (TX) supports you with your tax needs through our various services to help ease the tax process for you.
Tired of seeing loss of revenue and high interest whenever you submit your taxes? Are you curious as to why you are receiving tax penalties forcing you to have to pay even more money? Dealing with taxes is no easy feat and can be a very frustrating topic to deal with.
Supporting you with indirect taxation compliance, GBS Tax Services assists you with topics such as Sales and Use Tax, resale/exemption certificates, audits, proper tax fillings, and consulting.
What does all of this mean for you? GBS Tax Services takes care of those complex tax regulations and makes sure that the proper tax is collected and remitted to both local and state jurisdictions as well as monitoring over and underpayments to save you money. You shouldn’t have to see loss of profits and be hit with tax penalties. Thankfully, with GBS Tax Services, you don’t have to.
For more information, please contact: Service Now Help Tool
Our Services
Understanding how to correctly account for sales and/or use tax is crucial in order to be in compliance with state tax laws. Sales tax is a tax levied on the sale of a good or service and is collected by the seller. Use tax is complementary to sales tax on the use, storage or consumption of tangible personal property. If sales tax is not billed by the seller, the purchaser is required to accrue tax at the time material is consumed.
State Tax Forms provided by Federation of Tax Administrators : This will link you to each state and the tax forms used - Click Here
Council of State Taxation (COST): COST's objectives are to preserve and promote equitable and nondiscriminatory state and local taxation of multijurisdictional business entities - See More
Property Tax is considered to be a tax on property measured by the property's value as of a specified date. Because this type of tax is assessed according to the value of the property, it is commonly referred to as an ad valorem tax. A property tax can be considered a direct tax that it applies to the property itself. This is why it is important to perform routine physical inventories as required by your SOC policy. Even a fully depreciated asset with no book value has a taxable value.
A State Annual Report is a yearly or bi-annual statement that must be filed with the individual state’s Secretary of State. The Annual Report is a form that shows the company name, principal office address, registered agent, registered office address and a list of the current officers and directors or members and managers. This is not the comprehensive report on a company's activities throughout the preceding year that is intended to give shareholders information about the company's activities and financial performance.
Why must State Annual Reports be filed? To assist the Secretary of State in providing the most accurate information to the public about companies conducting business in the state. Failure to file may result in Siemens' ability to conduct business in that State to be revoked.
From Audit Consulting Web Based Training, to Avalara CertCapture, we offer you training in a variety of tax topics including but not limited to Property Tax, Infrastructure Logistics, Business License Basics and E-form training to Outgoing W-9 Web Based training. See the section below for a full list of training opportunities offered.
VAT Training Training: Learn about Audit Consulting at your own page - Start Learning