The Costs of Compliance: Strategies for Automating Tax Management in the Cloud and Avoiding Hidden Costs

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 compliance that your organization may be experiencing and provides a strategy for reducing these costs through cloud software.