Avoid Tax Exemption Certificate Pitfalls

Improve audit performance by reducing exemption certificate errors

Tax exemption certificate errors are one of the most frequent causes of audit assessment. Review the four steps in this exemption certificate guide to learn where the pitfalls lie, and how to sure up your process before your next audit:

There are four steps of the exemption certificate process — collection, storage, maintenance, and reporting — and several pitfalls lurk throughout. They can range from questions about whether a certificate is correctly filled out and signed to producing comprehensive reports with the level of detail auditors require.

With the right tools from Vertex, you can collect, store, maintain, and report on certificates to streamline internal processes, facilitate correct tax-exempt calculation, and reduce audit exposure.