Want to Eliminate Accounts Payable Delays When Processing Sales Tax Compliance Liability Checks?
Flexible tax fund management for businesses of all sizes.
Have you ever found yourself scrambling to gather tax funds for a surprise sales tax bill? It’s a common nightmare for businesses. Our sales tax fund management solution transforms this stress into a predictable process. We create a dedicated sales tax escrow account that separates tax money from your operating funds.
Not all companies have a separate bank account strictly for sales and use tax payments. In addition, some local jurisdictions require check payments. An escrow account can eliminate the need to request checks from your accounts payable department for these specific filings.
This is perfect for companies with seasonal sales fluctuations that want a standalone account for making online and checking payments, businesses looking to streamline sales tax payments, or organizations seeking to centralize sales tax fund management. Our sales tax team eliminates administrative burdens and automates tax compliance seamlessly. You would fund these accounts monthly with the sales tax liability due from the prior month.
Prefer payments made directly from your bank account? We can help with that, too.
Secure your Sales Tax FundsHere’s How We Help
1
Escrow Account Setup: We’ll establish an escrow account under our company’s umbrella, providing you with all necessary banking details. You’ll also receive secure login credentials for access anytime.
2
Monthly ACH Deposits: Like clockwork, by the 10th of each month, your company will deposit the total sales tax liability collected for the prior month via ACH transfer.
3
Payment Handling: All online and check payments related to your sales tax remittances will be managed directly from your escrow account, ensuring seamless transactions.
4
Monthly Reconciliation: We’ll keep you in the loop with the monthly reconciliation of your escrow account, sending you the latest bank statement along with the reconciliation report.
Let Us Handle the Tax Filings accurately, and on-time tax deposits So You Can Focus on What Matters Most.
Contact Us Today.
