DSTax, LLC 4320 Wi nfi el d Rd., Suite 200 Warre nvi ll e, IL - - PowerPoint PPT Presentation

TAX CONSULTING SOLUT IONS

4320 Wi nfi el d Rd., Suite 200 Warre nvi ll e, IL 60555 Pri nci pal: Scott Bil l adeau 630.862.9552 Pri nci pal: Chri s Poun ds 773 .209.3086 Fa x: 630.839.3647 w ww.d stax. co m

Quality Service that is Beyond Comparison

simplifying YOUR

CORPORATE TAX NEEDS LLC DSTax,

DSTax, LLC is a state and local tax consulting firm that focuses in indirect taxes . Our expertise consists of teaming with large corporations to provide them indirect tax services. Our people represent over 40 years of indirect tax experience, spanning significant years in global accounting firms and a multitude of industries. Specific services include:

• Indirect Tax Automation Implementation Services
• Developing customized tools specific to a clients needs
• Outsourcing Services - Exemption Certificate Management,

Compliance, Indirect Tax Solution Management

• Refund Reviews & Audit Defense and Mitigation Services

OUR FIRM

OUR TEAM

Scott Billadeau, Founding Partner

Scott is the founder and President of DSTax, LLC. Before establishing DSTax, Scott gained valuable experience while managing sales & use tax consulting teams for two global consulting firms. He also lead the Midwest sales and use tax practice for a global accounting firm. His expertise for the past several years has been focused on customizing and implementing indirect tax solutions for a various range of clients, from Fortune 100 to small ecommerce retailers. And his firm, DSTax, is a Certified Implementation Partner for the larger software vendors. He has implemented these automated solutions for multiple ERP and legacy systems. His indirect tax automation expertise includes design and development of the technology aspects of the solution in addition to developing and conducting tax research matrices and research tools to support the solution. Scott also has extensive experience in refund recovery and audit mitigation where he

• riginally started his sales & use tax career. Scott has been successful in obtaining

several millions in savings through tax overpayments and audit assessment reductions.

OUR TEAM

Chris Pounds, Partner

Prior to joining DSTax, Chris worked for a Big Four accounting firm in both their tax

• utsourcing and state and local tax practices. As part of the outsourcing group, he

gained valuable experience in the daily operation of indirect tax functions including sales and use, property, and excise tax compliance, audit defense, taxability research and responding to external and internal tax questions. As part of the state and local tax practice, Chris managed reverse audits, sales and use audit defense, voluntary disclosure agreements, tax research and other indirect tax projects. As a partner at DSTax, Chris deeply involved with all aspects of tax automation and

• utsourcing including:
• Software selection assistance
• Tax Engine Implementation
• Project Management
• Requirements Gathering
• Design and Development
• Testing
• Training and Support
• Exemption Certificate Management Solutions
• Indirect Tax Outsourcing

TAX AUTOMATION

In an effort to improve the accuracy, control and efficiency of their tax calculations, many companies look to a tax software package for assistance. A proper implementation is needed to achieve the full benefits of these systems.

• We have extensive experience with the integration of automated indirect tax engines

with SAP, PeopleSoft, Oracle Financials (including Fusion), NetSuite, JD Edwards and several other canned and custom ERP and business financial systems.

• We work to customize each solution for our clients’ specific needs around product

mapping and taxability decisions, exemption certificate management, and customer address validation management for indirect tax solutions.

• We have several customized solutions that we’ve implemented to address the

challenges clients face around use tax related to their procurement environment.

• We are the owner of the only verified Magento eCommerce ONESOURCE Indirect

Tax Determination Connector

CUSTOM TOOLS

DSTax can develop custom tools to enhance your tax automation.

• Automated integration between ECM and External Tax Engines If your company

uses different providers for your ECM and tax calculation engines, DSTax can build an automated process that loads newly created certificate records from your ECM into your tax engine configuration, preventing time consuming double data entry.

• Hosted Indirect Tax eCalendar Consolidate all of your indirect tax filing obligations

in one centralized location. Key features include:

• Import tax return data from your compliance software
• Track workflow and due dates to ensure that deadlines are not missed
• Automatically prepare check requests and journal entries
• Track bank and government holidays that impact return due dates
• Advanced reporting
• Development of eCommerce connectors DSTax has developed a connector that

allows Magento (both v1 and v2) to communicate with Thomson Reuters ONESOURCE Indirect Tax Determination. This connector has been verified by Thomson Reuters. DSTax is continuing to develop connectors from other eCommerce platforms as well. Inquire today about yours.

OUTSOURCED SERVICES

DSTax offers turnkey outsourced indirect tax services, saving your company from managing this function internally. These services free up internal resources so you can focus on other tasks. Key elements include

• Exemption Certificate Management DSTax can assist with:
• Inventorying and validating your current exemption certificates
• Creating the certificate record and loading your image to your ECM and tax

engine

• Conduct campaigns to obtain missing certificates
• Maintain the ECM process going forward.
• Indirect Tax Return Preparation. DSTax can prepare, sign, mail, efile and remit

payment for your indirect tax returns based on information from your tax engine and accounting systems. You will be provided with work papers, copies of returns, funding summary and reconciliation summary.

• Tax Solution Management DSTax can also manage the day to day nuisances of

indirect tax including:

• Maintenance of your tax engine configuration
• New exempt customers and certificates
• New product and cost center mappings
• Rate and content updates (premise based tax engines)
• Responding to tax inquiries from customers and internal resources.

REFUND REVIEWS & AUDIT MITIGATION

In an effort to avoid audit exposure, many taxpayers pay too much tax on their

• purchases. This practice can be just as harmful as paying too little tax. DSTax reviews

these purchases for opportunities to claim refunds, whether through the vendors or directly from the states. Our team has both the experience to identify opportunities in tax codes as well as the technical skills to use database queries to quickly and efficiently analyze large amounts of transactional data. Some of our successes include:

• Assisting a Fortune 50 company with their Minnesota Capital Equipment Refund

review, identifying millions of dollars that would have otherwise been unclaimed.

• Reviewing a large manufacturer’s Nebraska Advantage Act claim and properly

interpreting the State’s tax laws to increase their refund by millions of dollars.

• Shifting one of the “Big 3” auto manufacturer’s use of their Illinois Manufacturer

Purchase

• Credit to their monthly tax returns. This allows for near instantaneous use of the

credit as opposed to letting it sit stale, earning no interest, for years.

• Achieved significant refunds of taxes for several Illinois healthcare providers. These

taxes were previously being absorbed the medical groups, reducing their profitability.

• Our resolution put previously paid taxes back in their businesses and lowered their

effective tax rate going forward. These projects are funded on a contingent

• basis. We do not get paid until you get paid.

OUR SERVICES: AUDIT MITIGATION/ECM

In today’s economy, states are more aggressive than ever in finding revenue. Auditors may no longer accept arguments without supporting documentation and citations. Our consultants are experienced in providing the auditors with the information they are asking for and articulately explaining and defending the taxpayer’s position, resulting in lower audit assessments. DSTax works with one of the leading providers of exemption certificate management (“ECM”) services to assist taxpayers with supplying critical documentation to auditors. Our partnership with the ECM can provide the following benefits:

• Request certificates from any of your customers who do not have a current certificate
• n file.
• Complete digital scanning and archival of existing exemption certificates.
• Steady state support to gather certificates from new, exempt customers.
• Validate that all certificates meet the criteria and format demanded by the state.
• Allow auditors direct, but controlled, access to their state’s certificates, freeing up your

internal resources from this burdensome task.

• Creation of automated feeds from the ECM to your tax engine, ensuring that your

system is current and that exempt customers will not be invoiced tax.

OUR PARTNERS

DSTax partners with: