Retailers and the Retail Industry

As of March 5, 2008, the AlternaTax software has been acquired by KPMG LLP. For more information about KPMG and AlternaTax, please visit http://alternatax.kpmg.com. KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com) is the U.S. member firm of KPMG International. KPMG International's member firms have 123,000 professionals, including 7,100 partners, in 145 countries.

Sales and use tax returns must be filed for every city, county, and state of each individual outlet. That makes it hard to have up-to-date information on the changing laws and regulations, as well as jurisdiction notices and correspondence. Maximize your profitability by focusing on your "core competencies" and outsourcing tax compliance services.

Generally, a retail sale is the sale of tangible personal property. It is also the sale of services such as installation, repair, cleaning, altering, improving, construction, and decorating. Sales tax amounts collected are considered trust funds and must be remitted to the Department of Revenue. Sellers are liable to the DOR for sales tax, whether or not it is collected. Businesses also pay the retail sales tax on purchases of items for their own use (such as supplies or equipment) that will not be resold in the regular course of business.

Retailers and the Retail industry have counted on AlternaDev to manage, collect, prepare, print, review, file and send transactional tax returns to the taxing authorities. Our solutions include our software AlternaTax which can be licensed for in-house use, or our outsourced tax compliance services.