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...
Whether you are managing a sales and use tax department, have landed on sales tax outsourcing as a strategy or you are a lone soldier and sales tax is just one of the many jobs you do, it is very important to have an up to date tax calendar.
Here are the most important components in a sales and use tax calendar:
Having this information at your fingertips is very beneficial when reporting up to management or out to a vendor. Executives may like to know what states they are filing in, how many returns are being filed at a given time, prepayment information or other metrics.
Be prepared and have this piece of your process well documented. If you have outsourced the sales tax compliance, make sure you are receiving an updated calendar each month. At times of disruption, someone else will know what’s due, how it’s due and when it’s due, which can save a lot of time and money.
Businesses have new ways to sell today, as marketplaces such as Amazon, TikTok and the business’s...
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