This blog is an excerpt from our eBook with The CommLaw Group.
As a communications company, you face some of the most complex tax and regulatory rules of any industry. Whether you run an established business or you’re thinking about entering the VoIP, UCaaS, or other telecom market, it is important to understand your compliance obligations. Just as important … you need to comply while keeping your price competitive.
How do you do this? By optimizing your telecom compliance process!
In sales tax calculation, you deal with the “hard” and the “less-hard.”
Business truism has it that limited liability corporations and similar entities shield the personal property and assets of their owners and major shareholders from company bills and missteps. That’s true for many of the fiscal messes that can befall a company.
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent 2023 sales tax changes and updates.
Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the Internet – have also raised the question of whether there's a sales tax on memberships and dues.
Selling outside the U.S. does not free you from the complexities of sales tax. Many countries enforce sales tax, presenting challenges for international sales. While it may resemble U.S. practices, nuances vary for international customers and purchases.
In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax.
A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea.
Exactly how long will it take you to set up a process to evaluate and comply with your sales tax obligations? It depends on your business and where you are in your sales tax journey. It could take as little as a month or so or up to six months (or more).
Hard to believe if you’ve ever dealt with sales tax jurisdictions, but they will actually give you a break on paying your sales tax in the form of vendor discounts and compensations.
Adding a new product is great, new revenue streams are wonderful. Just don’t let sales tax turn the situation into a nightmare.
Sales tax is a major obligation for your business. As with most such obligations, you probably ask, “Can automation help me?”
“Scary” has five letters. Know what word in sales tax also has five letters?
“Audit.”
Often as things change in sales tax – and they change often – one constant keeps lurching along. Tax jurisdictions love to send notices, and usually it’s to say “Boo!” and not just “Hi.”
The past two years have seen nearly 46,000 M&As in the United States. It's clear that nothing can boost a business like the right merger or acquisition.
Yet many of these deals tank: as many as 70% to 90%, Harvard Business School has reported. And one thing that can pound a stake through the heart of a promising M&A is unearthing past tax liability during due diligence.
There’s nothing like just walking down the hall of your office or clicking into a virtual team...
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