With the possibility of tax regulations changing in 2025, associations face growing complexity when managing taxes. From navigating the nuances of Unrelated Business Income Tax (UBIT) to accurately reporting across multiple revenue streams, staying compliant can easily become time consuming and overwhelming.
However, with Nimble AMS, built on Salesforce, your association can leverage robust automation and reporting tools to take the stress out of tax preparation. Harnessing the power of Nimble AMS automation and reporting will empower your association to streamline tax compliance processes and focus on what matters: improving the member experience.
How Nimble AMS automation streamlines tax preparation
With the possibility of tax reform in 2025, you can prepare your association with Nimble AMS automation and reporting tools. Nimble AMS helps your staff simplify key processes by automating workflows and providing real-time insights into making compliance easier than ever.
Nimble AMS offers real-time reporting connected to member transactions, event registrations, and other revenue sources, you can gain a clear view of your finances, ensuring you have all necessary data when it’s time to report. With powerful automation tools, Nimble AMS can help associations categorize revenue streams. Additionally, your staff can leverage recurring workflows with Nimble AMS automation tools, ensuring you stay compliant with any new tax reforms.
Because it’s built on Salesforce, Nimble AMS seamlessly integrates with your Salesforce CRM data, keeping your constituent records updated. Nimble AMS also integrates with popular accounting tools, like Avalara, helping you keep your financial records synced. With Avalara, Nimble AMS can send order-related information to the integration to calculate the correct tax, based on the product type, and ship to the address. The tax information is then sent back to the order processor in Nimble AMS and the order can be completed.
Smart reporting for smart compliance
With smart reporting tools, your association can meet any changing tax reforms in 2025. Here’s how intelligent reporting capabilities can streamline compliance, keeping your team ahead of the curve:
1. Self-service reports
Smart reporting tools allow you to create your own report with the data and information that’s important to your organization, ensuring your financial reports match any necessary requirements of the IRS or external auditors.
2. Pre-built reports and dashboards
Leveraging pre-configured reports and dashboards can help your organization identify KPIs relevant to tax planning and compliance, ensuring your stakeholders stay proactive. Consider using pre-built reports to manage invoices, payments, orders, coupons, and refunds
3. Easily exportable data for finance teams
With just a few clicks, you can export detailed General Ledger (GL) reports from your AMS that sync with your accounting tools. This seamless export functionality makes it easy to share data with your teams or stakeholders, ensure accuracy, and save time.
4. Audit trail functionality
Look for technology that offers robust audit trail functionality to help you track financial changes and provide historical context to support internal reviews and strategic planning.
Learn more about Nimble AMS
The possibility of tax reforms in 2025 doesn’t need to be a source of stress for your association. With Nimble AMS, you’ll gain a powerful ally, streamlining tax preparation through intelligent automation and smart reporting.
