Proud to be a Member
WEnd is excited to announce that we are active members of the following organizations:
Taxes and fees placed on top of the sales price for fuel and lubricants provide funding for city, state, and federal programs in addition to particular community needs. Yet, the sheer number of taxes that may apply to a product and the different calculation methods create a complex puzzle to achieve compliance. If you’ve ever wondered what stressors your accounting team is working under, take a look at how taxes apply to our industry:
If you feel slightly dizzy from reading this information, you now have an understanding of how your accounting team feels by the time they clock out in the evening. Multi-state tax calculations are a complex web of detailed rules and policies that must be adhered to in every sale.
Modern Enterprise Resource Planning (ERP) software solutions can do the hard work for you. Today’s best software solutions will easily handle Federal, state, local, sales, and excise taxes. Plus, an integrated system will also calculate customer pricing based on the client or product and integrate rack pricing and freight calculations in the mix. Regardless of your customers’ locations or the products they purchase, an ERP solution will ensure accurate invoicing every time and simplified tax reporting that meets tax regulation requirements.
WEnd Consulting can help you find the right ERP solution for your business. We work with petroleum companies throughout the country to connect them with the right solutions for their business needs. Our staff will work with you to conduct a business process review, evaluate options for functionality and pricing, help you negotiate a solid contract, and provide you with resources and support through implementation.
Better yet, eliminate the multi-state taxation headache by outsourcing your accounting function. WEnd Consulting has an internal team of accounting professionals with petroleum industry expertise. We eliminate errors that come with many other outsourced programs by working within your software platform to conduct the work. Our team will ensure your accounting work is accurate and meets all the complex taxation rules for your locations.
Give our team at WEnd Consulting a call today, and let’s get started!