Sales and use tax compliance is ever-changing - which for most companies translates into a process which can be a challenge to manage. With that challenge comes added risk - especially as state and local governments are faced with massive budget shortfalls - and place more emphasis on sales and use tax compliance. This can impact businesses in a variety of ways including increased audit activity - as well as dealing with new and changing tax laws which are aimed at increasing tax revenues. Many companies facing these issues consider outside expertise (or outsourcing) to help them manage this constantly changing landscape.
This whitepaper (by Brian Greer of TaxConnex) explains why companies looking for outside expertise must first determine the nature of compliance support that they require. Mr. Greer provides key characteristics of the two major sales and use tax compliance models - and provides the reader with simple criteria to determine which approach is best for them
NOTE: This site does NOT provide client-specific tax advice. Information provided is general and may NOT apply to your particular situation. Do NOT take any action based upon any site content until you have received advice from an independent, qualified tax practitioner with whom you have a professional-client relationship. All content is subject to the disclaimer at bottom of this page.