Managing sales tax doesn’t have to be a complicated, overwhelming and time-consuming process. Assuming of course that you properly evaluate your internal capabilities, existing technology and varying levels of expertise correctly. With thousands of tax regulations that can change at a moment’s notice, it can seem a nearly impossible task for businesses to remain compliant. Governments are cracking down to close the estimated $600 billion tax gap by embracing new technology and enforcement methods to ensure they collect what is legally required. Deciding on and implementing a sales tax process or solution for your business is an important step to meeting your compliance requirements and avoiding costly notices and audits.
Source: SOVOS
