Ongoing ecommerce and technological advancements have opened new doors of opportunity for countless businesses. While this progress brings numerous advantages, the expansion of sales into multiple states adds layers of complexity to the already challenging landscape of state and local sales tax compliance.
Achieving compliance goes beyond mere adherence to tax laws; it requires a strategic and proactive approach. From assessing historical transactions to implementing automated tax solutions, businesses must traverse a multifaceted journey to ensure ongoing compliance.
Navigate the complexities of sales tax with confidence and efficiency with insights into the intricacies of sales tax compliance, from laying the foundation, to navigating inflection points and beyond:
An automated tax software solution's effectiveness is intrinsically tied to its implementation.
Background work: Setting the foundation
Before diving into the intricacies of an ongoing compliance plan, it's crucial to first take a closer look at the historical sales and use tax exposures that can potentially exist due to historical nexus footprints that weren’t identified in the past.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.


