The U.S. software industry is no stranger to evolving technology. But what about sales tax compliance? Can this segment keep pace with ever-changing regulations, while still meeting customer needs? Sovos and SG Analytics conducted a survey to better understand how software organizations are planning to improve sales tax management.Overall, 43% of respondents said they wanted to focus on improving internal processes to streamline tax preparation, filing and remittance. Improving tax accuracy as it relates to rates/rules and applying exemptions (38%) and improving operational efficiency by consolidating business systems (34%) were also top priorities, the survey found.
Source: sovos.com
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