NAEP Exchange Question of the Month: Sales Tax Calculations for P-Cards
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The NAEP Exchange is the place to ask your questions, seek best-practice advice, and search for RFP assistance. The Exchange is a members-only benefit, which means no prying eyes from suppliers; this is a place to ask questions of your higher education procurement colleagues from across the country.
Our question this month comes from Debbie Deacy from the University of La Verne:
The University of La Verne is a private not-for-profit institution located in Southern California. We are not sales tax exempt which presents monthly challenges identifying our use tax liability on our P-Card spend.
Wells Fargo is our current issuing bank who has a very rudimentary solution for calculating taxes owed, and with our growing program, has become nearly unmanageable. We will be issuing an RFP and are interested in learning how other institutions handle this process.
- Who is your card provider?
- Does your provider offer a streamlined process to calculate use taxes owed?
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