ASAN provides comprehensive indirect tax services tailored for businesses in both the United States and Canada.
Our dedicated team of tax experts navigates the complexities of indirect taxes, including Goods and Services Tax (GST), Harmonized Sales Tax (HST), and Provincial Sales Tax (PST) in Canada, as well as state and local sales taxes in the United States. We assist businesses in understanding and complying with jurisdiction-specific regulations, ensuring accurate reporting, and optimizing indirect tax strategies.
Whether it's managing cross-border transactions, identifying eligible exemptions, or staying current with evolving tax laws, ASAN aims to streamline indirect tax processes, mitigate risks, and contribute to the financial efficiency of our clients.
FAQs
What is the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) in Canada?
The GST is a federal tax applied to most goods and services, while the HST combines the GST with provincial sales tax in certain provinces. ASAN assists businesses in navigating and complying with these indirect taxes.
How does ASAN help businesses determine their obligations for Provincial Sales Tax (PST) in Canada?
ASAN provides guidance on PST obligations, helping businesses understand and comply with the specific provincial sales tax requirements in applicable provinces.
Can ASAN assist with cross-border transactions and the implications of the Goods and Services Tax (GST) in Canada?
Absolutely. ASAN specializes in managing cross-border transactions, providing insights into GST implications, exemptions, and ensuring compliance with the necessary regulations.
What is the process for claiming Input Tax Credits (ITCs) under the GST/HST system?
ASAN guides businesses through the process of claiming Input Tax Credits, helping them identify eligible expenses and optimize their indirect tax positions under the GST/HST system.
Can ASAN assist businesses in preparing for indirect tax audits in Canada?
Yes, ASAN supports businesses in preparing for indirect tax audits by ensuring accurate record-keeping, thorough documentation, and compliance with regulations to minimize any potential issues during an audit.
What are the key indirect taxes in the United States, and how does ASAN assist businesses with compliance?
ASAN navigates federal, state, and local indirect taxes, such as sales tax, excise tax, and use tax, ensuring businesses understand and comply with these complex tax regulations.
How can ASAN help businesses optimize their sales tax strategies in the US?
ASAN collaborates with businesses to optimize sales tax strategies, identifying opportunities for exemptions, managing multi-state transactions, and ensuring compliance with diverse state regulations.