- Many companies rely on internal resources for sales tax compliance
- Challenges include talent shortage, lack of expertise, and potential errors
- Outsourcing sales tax compliance is a solution for some companies
- Considerations for outsourcing include cost, expertise, and reducing risk
- Legal liability is a concern for in-house compliance
- Compliance process includes identifying nexus, taxability, billing, exemption certificates, and filing returns
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
