Sales tax concerns if you sell through multiple channels
Businesses have new ways to sell today, as marketplaces such as Amazon, TikTok and the business’s...
When we say this, we are referring to the fact that sales tax cannot be fully automated due to the abundance of “gray” areas that require real-time decision making by a human. This sets TaxConnex apart from other technology-centric sales tax compliance vendors.
We believe technology is a necessary component, but it is only one piece of the puzzle. Other necessary pieces to the puzzle include experienced sales tax professionals with the capability and ability to make decisions on the fly, and processes to ensure the workflow is completed properly each month.
As part of this workflow is the data that begins the monthly compliance process.
This may seem trivial, but come audit time or if you experience turnover in the organization this little trick will be very useful. You should include sufficient information in file names to identify the data contained in the file:
Consistency in naming your data files won’t address the entire sales tax compliance quagmire but it will eliminate some confusion along the way.
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sales tax complianceBusinesses have new ways to sell today, as marketplaces such as Amazon, TikTok and the business’s...
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