Guest post by Darcy Boerio, Channel Development Manager, Avalara
Contrary to popular belief, sales and use tax compliance is not just a concern for traditional resellers. As cash strapped states look for new opportunities to collect sales tax, more and more products, industries, and services are finding themselves in the crosshairs of auditors.
All types of organizations need to be aware of the ways in which they are impacted by sales and use tax and the challenges that come with calculating, collecting, and remitting sales tax and documenting tax-exempt sales.
Here are five ways sales tax affects your business.
1. Shifting rates & boundaries. In some places, sales and use tax rates can change on a monthly basis. Combine that with illogical boundaries that are often the results of gerrymandering and can change at any time based on a political whim, and your company’s otherwise sound management and compliance … Keep reading