Indirect Tax Exemption Certificate Management System SmartCert Leads Industry

Suppliers, manufacturers, and wholesalers that sell to resellers are often out of compliance with their states’ sales tax laws and most don’t even know it. This opens them up to liability that is completely avoidable. There is a simple solution to this problem, and it is called SmartCert.

An example of the kind of business that might benefit from using SmartCert is a supplier of major appliances that sells to retail stores. The retail stores do not pay sales tax to the supplier. Instead, the end buyers of the appliances pay sales tax, which is collected by the retail store, which then pays the state. However, the supplier needs to track the tax-exempt and resale certificates that are kept by the retailers. If they don’t track those certificates, they could very well end up in trouble with each and every state in which they sell their appliances. That’s where SmartCert comes in. This specialized software tracks and manages all the tax-exempt certificates of all the retail outlets the appliance supplier does business with.

SmartCert was developed by Clarus Partners Advisors LLC to help their clients with the onerous task of tracking their customers’ tax exemption certificates. Clarus Partners are experts in indirect tax, giving them an edge in the accounting industry over general accounting firms.

Many of Clarus Partners’ clients are referred from general CPA firms. The reason for this is that general-practice CPA firms used by most businesses for their accounting needs are not experienced in indirect tax.

“Clarus Partners have more than 150 years of experience in managing indirect taxes for our clients,” said Clarus Partners Advisors LLC Partner Jeff Mallory, CMI. “This is the stuff that isn’t taught in our universities’ accounting programs. We’ve learned it on the job, through the school of hard knocks. Because we have this specialty in sales and use tax, property tax, tax credits and incentives, unclaimed property, and business licenses, we can provide support to accounting firms as alliance partners. Their clients benefit and the CPA firms look like superstars.”

SmartCert Exemption Certificate Management System, the robust cloud solution for managing sales tax exemption certificates, is Clarus Partners’ proprietary software solution for the common business complication of tracking sales and use tax exemption certificates. This software is used by bookkeepers and accountants to manage sales and use tax exemption certificates. The system is designed to help accountants keep track of expiration dates, renewals, and other essential information related to sales and use tax exemption certificates.

SmartCert, the industry-leading exemption certificate management software has no hidden fees, unlike its competitors in the marketplace, and offers clients the weight of Clarus Partners’ superlative expertise in indirect tax tracking, exemptions, and management.

Most of Clarus Partners’ clients have previously used other software systems but find they have saved money by switching to SmartCert. Besides providing cost savings, SmartCert also helps clients overcome the many challenges they have probably experienced with other software programs. These include the lack of effective customer support because customer service representatives almost always lack knowledge of the reasons for the exemption certificate software in the first place. After all, they are not tax experts.

“In the past, we used a competing software for our exemption certificate management, but we find that SmartCert is backed up by Clarus Partners’ fantastic customer service,” said Diana Jander, Indirect Tax Director at Cardinal Health, a SmartCert customer. “We can also customize it to our business and it’s about 30 percent less expensive than the other companies’ software programs. We aren’t constantly being assessed additional charges for add-ons that amount to hidden fees. It has really been a smart choice for our business.”

SmartCert allows businesses to collect certificates from their customers and proactively notify them when sales tax exemption and resale certificates expire.

SmartCert ensures the correct form is always accessible. The constantly changing regulations of every state and jurisdiction are carefully tracked, enabling clients to easily identify certificates that are invalid and help them stay compliant.

All exemption certificates are stored in the cloud-based solution, making the certificate available in just seconds for audit or review. Clients are always audit-ready with certificate reports right at their fingertips.

SmartCert provides all the reporting needed to efficiently manage exempt sales. Clients can quickly check the database against exempt sales files to find out if exemption certificates are missing or invalid.

Clarus Partners Advisors LLC is a leading provider of sales and use tax software solutions. SmartCert is the industry leader in exemption certificate management software, yielding their clients significant sales and use tax savings. The company’s SmartLicense Business License Compliance Software is used by businesses of all sizes to ensure compliance with local business licensing requirements, saving the hassle and expense of missing renewal deadlines and incurring fees and penalties.

To learn more about how Clarus Partners Advisors LLC can help their business, readers are invited to visit Get Tax Exemption Protection – Clarus Partners.

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