Accounting & Tax

Intro to Tax Automation

If your organization collects and remits sales and use tax, there is a strong possibility that you can benefit from implementing a tax automation solution. As tax regulations have become increasingly complex, the time and number of resources needed to navigate these complexities has increased which may also take away from other business initiatives needed for growth and expansion.

There are a number of challenges when it comes to managing sales and use tax, and keeping up-to-date with tax rates is high on the list. Even large teams of experts can have difficulty tracking jurisdictional tax information changes, recognizing sales tax holidays, and managing product tax liabilities and exemptions.

There are significant gains that can be achieved through automation. Among the most significant is a reduction in risk. Regularly assessing your sales and use tax complexity helps determine if you can benefit from a tax automation solution.

 

Download the following eBook to learn about business tax automation in 2020