State and Local Tax Strategies for a Global Marketing Company
Case Studies State and Local Tax for a Global Marketing Company A Comprehensive Source Advisors Case Study How A Global
Source Advisors
October 11, 2023
Case Studies
A Comprehensive Source Advisors Case Study
This Canadian shoe brand, having achieved success through its e-commerce channel, aimed to expand into the US market. However, entering the US means navigating complex tax regulations and compliance standards. This case study outlines how Source Advisors assisted the company in meeting all the necessary guidelines for its first US store opening.
The company is a Canadian based shoe brand that experienced rapid international growth through a single e-commerce channel. As a result, they ambitiously set goals to enter the US market with an aggressive combination of physical stores and an expanded online presence. Not unexpectedly, the company was exposed to several US tax requirements and needed assistance to mitigate business risks.
The client wanted to aggressively expand in the US with multiple retail locations and a broader e-commerce reach. In the prior year, US sales – via the e-commerce platform – reached approximately $500,000. It was their ambition to achieve over five million dollars in two years.
With their anticipated growth in mind, the client wanted to ensure compliance with all taxes, licenses, and fees for their retail locations. In the same way, it was necessary to properly configure their e-commerce platform to comply with US sales tax.
In the end, the company successfully met the necessary guidelines to open its first retail store in the US.
Source Advisors established policies and procedures for the client to update relevant tax issues when introducing new products across all sales channels.
Likewise, the team established a monthly process to ensure the client filed future sales tax returns accurately and on time.
Don’t leave money on the table. Contact Source Advisors to find out how our State and Local Tax Services can work wonders for your bottom line.
Our industry experience with state and local taxes has helped businesses claim billions of dollars in tax credits and incentives.
Source Advisors has demonstrated success in assisting many growing businesses with complicated tax issues and is able to leverage that experience to avoid common pitfalls
Our 40-year history of achieving substantial tax credit savings for clients across various industries is a testament to our commitment and expertise.
Source Advisors has a network of national accounting and sales & use tax experts. By extension, clients have access to assistance in every region regarding state, county, and local tax issues.
Our dedicated support team is readily available to guide you through every step of the process, ensuring a smooth and stress-free experience.
Our recommendations stand in full compliance with tax legislations, offering clients unmatched peace of mind.
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