Managing Exemption Certificates – the importance of validation

Valid exemption certificates from your customers are critical in managing your overall sales tax risk. Yet a surprising number of companies have inadequate processes to receive, validate, maintain, and update exemption certificates.

Under audit, an otherwise exempt sale will be deemed taxable without such documentation. That leaves you open to liability.

In this blog we will examine four best practices to manage your exemption certificates so that doesn’t happen.

Source: taxconnex.com

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