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Home » It’s a Taxing Situation in D365 BC and NAV
Financial Tech

It’s a Taxing Situation in D365 BC and NAV

DAC EditorialBy DAC EditorialFebruary 9, 20211 Min Read
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With the flood of sales tax decisions in the news, you may be wondering if your own tax setups and processes are right. During this session we’ll review the current state of sales tax laws and how the Wayfair decision has impacted nexus and forced changes on almost all companies. We’ll also discuss differing tax laws by jurisdiction and what the future may hold. Next, we’ll review how to set up BC / NAV to properly capture and report sales and use tax for items and taxing jurisdictions. Included in this will be what changes will be needed based on recent events, including the use of product and tax groups to help with reporting. We’ll also review the limitations on BC / NAV which will impact your operations and how to overcome them. Lastly, we’ll review what to do when the tax man cometh: how to prepare for an audit, how to get a nexus study done, and how to use BC / NAV to determine economic nexus.​​

Dynamics Business Central / NAV
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