Sales Tax Series Blog 3 – Consult the Tax Professionals

Posted on: June 30, 2019 | By: Andy Vitullo | Professional Services, QAD Financials

The complex US Sales Tax environment can have cost and risk impact on your business. An accurate ERP Configuration ensures the collection of transactions with appropriate tax calculations. Understanding the comprehensive business conditions for sales tax requires knowledge of Nexus, Exemption Rules for Customers, Exemption Rules for products or services, filing deadlines, filing agencies, form requirements, and evidence-based audit requirements.

 

Typically, small to medium size businesses lack internal resources to maintain the knowledge required for their overall sales tax environment. State tax laws are ever-changing. To that end, your business should consult with sales tax professional services.   The tax professionals will address all the requirements for your business. Their ongoing service will provide updates to requirements as the applicable laws evolve. The service costs of sales tax professionals will out way an inefficient and improperly configured ERP system.

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