by Head of Research at TTR, Ken Webster
There are literally tens of thousands of tax jurisdictions in the United States alone, and many have their own unique set of tax rules when it comes to how products and services are taxed. Determining the taxability for products or services is one of the more intricate and time-consuming parts of tax compliance.
TTR taxAI (Artificial Intelligence) has revolutionized tax research. For the first time in the history of tax, there is an AI to simply guide tax professionals to find precise tax answers. There is simply nothing like it anywhere.
The complexity of determining accurate tax relies in knowing details about a product or service, such as its ingredients, how it’s sold, where it’s sold, how it’s delivered, and more. Almost every state has a different approach to defining the taxability of products. Ensuring products are accurately classified is essential to achieving tax compliance and makes sure businesses aren’t charging too much or too little in taxes on transactions.
TTR taxAI knows the exact questions to ask in order to guide tax professionals to a right tax answer. This unique, interactive system ensures that nothing gets missed on the way to a right tax answer.
Finding a precise tax answer to your specific business scenario is often difficult, if not impossible. Using billions of variables, TTR taxAI guides tax professionals to precise tax answers to the most complex business transactions.
TTR’s taxAI provides a level of speed and accuracy for sales tax automation not available anywhere else. You have to see it to believe it.
Ken Webster is an Executive Leader and Head of Research at TTR, a subscription-based website that provides sales, use, and transaction tax answers and tax rates to thousands of companies worldwide. https://www.ttrus.com