Understanding the ins and outs of sales tax compliance can be tricky for even the savviest business, but getting it right is crucial for success. Knowing where you need to collect tax, collecting the correct amounts, and properly documenting exempt sales are all key stages of the sales tax process. However, some steps get overlooked or handled incorrectly, leaving businesses exposed to potential penalties and fees in the case of an audit.
In this presentation, our tax expert partner Avalara will review the five steps to managing sales tax and specific challenges that can plague Manufacturers & Distributors:
- Typical steps businesses should consider for sales tax compliance
- Impact of new sales tax legislation
- Tools to help you navigate the five steps
