Understanding Level 3 Data Insights | LumaTax
In order to help your clients be sales and use tax compliant, you need to collect Level 3 data from them. Otherwise known as invoice level data, Level 3 data is extremely robust and generally not included in most income tax reporting.
This video helps explain Level 3 data and why it’s richer than any other type of tax data.
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About LumaTax
Our mission is to provide CPA and accounting firms with the tools and technology they need to effectively serve their SALT clients in a regulatory environment that increasingly exposes US businesses.
Learn more: https://www.lumatax.com/cpa-firms