Sales and use tax compliance can be as complicated as rush hour in Tokyo or as simple as an afternoon in Venice depending on whether your accounting and finance team is grinding away at handling tax compliance the old-fashioned way or is completely avoiding the related hassles and risk through automation.
This paper, A Tale of Two Accounting Departments, compares two companies that have drastically different experiences when solving common tax compliance challenges, including:
- Changing tax rates
- Filing and maintaining exemption certificates
- Filing sales tax returns and remitting payments
- International shipping
- Sales tax audit