Goodin Co. Client Success Story

Sovos
May 11, 2016

Businesses of all sizes and in all types of industries often have problems achieving full sales and use tax compliance. This can be especially problematic when an organization is growing, but still aiming to provide excellent goods and top-notch customer services by using sophisticated back-end systems.

The Challenge for Goodin: Accuracy, Audits & Expansion

This is exactly the challenge Goodin Co. was facing. Over four years ago, Goodin Co., a service supply company for residential, commercial, and industrial plumbers, builders, and contractors, realized that their ERP infrastructure wasn’t doing everything they needed given their expanding business, the number of tax jurisdictions they were adding, and the complexity associated with keeping up with all regulatory changes. As a result of working with Sovos, their sales and use tax process is more streamlined, effective, and easy to manage.

The Sovos Sales Tax Solution:
Accurate Determination & Filing = Less Audit Exposure & More Efficiency

With the help of Sovos, Goodin Co. has been able to reduce their audit exposure and penalties because Sovos Sales Tax provides them improved accuracy when it comes to determining and filing sales tax for the over 1,000 jurisdictions where they currently conduct business.

Moreover, Goodin Co. has re-focused the efforts of one full-time employee to concentrate on business growth objectives instead of sales tax calculation and regulatory research.

Mike Grunklee, the current Treasurer and CFO, as well as his accounting and finance departments, are now happy to report they spend much more time and attention on business critical activities and can add jurisdictions where they do business with “peace of mind, because Sovos is providing accurate sales tax calculations, using the geo codes they introduced us to, and the timely filing of the right returns helps us avoid costly audit exposure and penalties. The personal service and quick response by Sovos makes for a clean process when we need to make adjustments to our systems.”

Download the Goodin Co. client success story and find out how Sovos helped Goodin Co. vastly improve the effectiveness and accuracy of their sales and use tax process so they can continue to set the quality operational efficiency their business demands.

Goodin Company Success Story

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Sovos

Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern transactional taxes. As VAT and sales and use tax go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.
Share This Post

LATAM VAT & Fiscal Reporting
May 20, 2020
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

EMEA VAT & Fiscal Reporting
August 4, 2020
New VAT Rules for Online Marketplaces and Imports of Goods into the UK

The United Kingdom’s HMRC has issued new guidance on the VAT treatment of cross-border sales of goods and online marketplaces beginning 1 January 2021, following the end of the transition period. Cross-Border Sales under £135 New rules will apply when a business sells goods for £135 or less to a UK customer and the goods […]

EMEA VAT & Fiscal Reporting
August 3, 2020
New EU Tax Package: VAT Priorities

On 15 July 2020, the European Commission (EC) adopted a new Tax Package, intended to increase tax compliance while reducing administrative burden on businesses. The Tax Package contains a number of proposals related to VAT, of which three in particular stand out: A single EU VAT registration for taxpayers; Modernized VAT reporting obligations; and Facilitated […]

IPT
August 3, 2020
Should Insurers Receive an IPT Holiday From Their Governments?

It’s been a tough year for businesses. Whilst many have accepted that 2020 is likely to be a year to forget, unfortunately tax still needs filing and paying. Tax authorities have been understanding – nobody could have foreseen this – and there has been a concerted effort to provide SMEs with tax relief and postponements […]

Asia Pacific E-Invoicing Compliance EMEA India
July 31, 2020
India: Last-Minute Changes to the Proposed E-Invoicing System

The October deadline is fast approaching for the Indian CTC invoicing mandate, but it remains a moving target. In a swift move that was published just two months prior to go-live, authorities have now changed the scope of who is affected by the reform, as well as updated the JSON format. Why the change? The […]

ShipCompliant United States
July 30, 2020
2020 DtC Wine Shipping Mid-Year Report

Since we released the annual Direct-to-Consumer Wine Shipping Report in partnership with Wines Vines Analytics back in January, a lot has changed when it comes to how consumers are getting their wine. The COVID-19 pandemic swayed buying channels drastically, shifting traditional retail and on-premise sales over to ecommerce sales. With brick-and-mortar retailers being closed down […]