Introduction
The Exposure modeling page is a comprehensive tool to understand how different exposure and tax calculation start dates will impact your tax due within a jurisdiction. Furthermore, it can help you make informed decisions on reducing exposure risk. You can adjust two types of attributes within the Exposure modeling tool:
- Exposure start date — The date from which exposure is calculated. By default, Anrok detects the earliest date you reached economic or physical nexus. Modeling changes to your exposure start date can be helpful when you expect to manually backfill historical transactions or update physical nexus information within a jurisdiction.
- Tax calculation start date — The date from which Anrok will calculate tax and include transactions on your returns. Modeling changes to your tax calculation date can be helpful when you are looking to begin calculating and remitting sales tax from an earlier date (e.g. your exposure start date) to reduce or eliminate your exposure liability risk. Modeling adjustments to your tax calculation start date can also be used to determine how much you want to file on back returns (or put on your first return) if you want to be strategic about your cash outlay and risk appetite.
Note
The Exposure Modeling page is for modeling purposes only, and will not impact how Anrok calculates your tax due. The Exposure modeling tool is a premium feature available on Anrok’s Core and Growth plans. Please contact hello@anrok.com to upgrade and unlock modeling capabilities.
Model adjustments to the exposure start date
You can model how adjustments to your exposure start date will impact your gross/taxable sales since exposure and estimated remaining exposure.
Try modeling adjustments to the exposure start date in the demo above ☝️
-
In the Anrok app
, go to Exposure modeling. Take me there!
- Navigate to an
,
, or
jurisdiction.
-
Under Exposure start date, click the Pencil icon
, then select Set your own date.
- Enter a new start date, then click Save.
- Under Gross sales since exposure, review changes made to the gross amount of sales that have occurred within the jurisdiction since your exposure start date.
- Under Taxable sales since exposure, review changes made to the total amount of taxable sales that have occurred within the jurisdiction since your exposure start date. This will exclude transactions within non-taxable products, locations (e.g. cities, counties, zip codes), or customers.
- Under Estimated remaining exposure, review changes made to the tax due on transactions that have occurred between your exposure start date and tax calculation start date (excluding penalties and interest).
Model adjustments to the tax calculation start date
You can model how adjustments to your tax calculation start date will impact your estimated tax calculated and estimated remaining exposure.
Try modeling adjustments to the tax calculation start date in the demo above ☝️
-
In the Anrok app
- Navigate to an
-
Under Tax calculation start date, click the Pencil icon
- Enter a new start date, then click Save.
- Under Estimated tax calculated, review changes made to the tax amount due on transactions that have occurred since your tax calculation start date.
- Under Estimated remaining exposure, review changes made to the tax due on transactions that have occurred between your exposure start date and tax calculation start date (excluding penalties and interest).