Tax Interchange for Restaurants

Tax Interchange for Restaurants provides accurate and timely sales tax rates, and the capabilities and controls the Tax Team needs to mitigate audit risk. It’s also been designed to seamlessly integrate into your POS environment.

Avoid negative audit risks – time and money – due to incomplete or manual sales tax compliance processes

Choose the module that fits your current business needs and budget – deploy additional modules as your needs evolve.

Typing
Module: Rates & Rules

The foundational module creates the POS file containing sales tax rates and taxability rules for loading into the POS system. Accurate, timely rates & rules are at the heart of sales tax compliance.

Accurate Data

  • Industry-leading sales tax rates & rules – used by the IRS for 13 years running. Includes complex taxability rules: reduced rates, thresholds, tax-on-tax, and sales tax holidays
  • Business Profile – align your locations, nexus obligations, and products/services

Visibility & Control

  • Upcoming rate and rule changes that impact your business
  • New, updated content changes from Wolters Kluwer
  • Jurisdictional changes that could impact your locations
  • See configuration changes made and by whom
  • Review and approval capabilities
  • Push email notifications signaling action required
Man on the phone
Module: Product Mapping

Maintain relationship between your items and the Wolters Kluwer rates and rules file in Tax Interchange.

Visibility & Control

  • Notifications of new/changed items along with their proposed mappings
  • Support for complex mapping rules based on combinations of attribute values; supports wildcard functionality
  • Set default values for items without established mapping enabling product sales to continue until Tax Team has opportunity to review and establish long-term mapping
Busy office
Module: Reporting & Analysis

Process and store transaction details for monthly and ad hoc business needs.

Visibility & Control

  • See tax collected, tax re-computed and tax discrepancies – conduct reviews and make corrections that may arise from system lags or downtime
  • Identify and fix “bad” data within the user interface – simplifies and improve the correction process
  • Drill down into the transaction line level
Tax workflow

Stay current with industry and state sales & use tax happenings

Our Indirect Tax Blog takes a look at industry news impacting sales & use tax obligations for businesses.

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The Intelligence for Taxation newsletter summarizes State and Local changes to sales and use tax rates and taxability rules.

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Learn how Wolters Kluwer’s Indirect Tax solutions address all aspects of your end-to-end sales and use tax process.