The average annualized cost to manage sales and use tax is more than $63,000 for small companies and more than $393,000 for large organizations. Aberdeen’s Cost of Tax Compliance Survey outlined the most difficult components of sales and use tax management. The report uncovers the direct and indirect costs of managing sales and use tax […]
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Hidden Costs of Compliance: Reducing Transactional Tax Risk
Debates over online sales tax and related statutory rules and rate changes have vaulted sales and use tax compliance to the top of every finance organization’s 2015 action list. The challenge is on to understand how to implement safeguards and systems, monitor widely varying statutory rules, and find efficient ways to collect and remit the […]