Managed Compliance Agreements
VJI’s managed compliance agreement service can assist you if you make a large number of transactions when purchasing supplies and expense items for the manufacturing process and for your administrative needs. By simplifying your sales and use tax compliance process on those purchases, the administrative burden of making a tax decision on every transaction will be eliminated, allowing you to focus on other duties. To accomplish this, we will research the respective state tax laws and begin negotiations with the taxing authority on your behalf. We will then calculate a “single-rate” tax on the appropriate expense accounts. Our tax team will ensure that the appropriate accounts are selected and that the proper sample techniques are used. For your protection, we will present our findings to the taxing authority and work on your behalf to finalize and obtain a formal agreement.