The Dark Side of Sales Tax Compliance: 12 Things Every Business Should Know
With thousands of rate, rule, and boundary changes every year and an epic legal debate over e-commerce taxation, sales tax has never been more complicated. Unfortunately, this trend will only continue to get worse, as cash-strapped states rely heavily on sales tax audits as a way to make up for their revenue shortfalls. As states hire more auditors to enforce the constantly changing sales tax guidelines, it makes it nearly impossible for a business to come out of an audit unscathed.
While the outlook can be dark and daunting for a business, Avalara has compiled a list of the top 12 things that every business should know when it comes to sales tax compliance, along with tips to help combat the problems.
Here is a sneak peek of a few of the topics we will cover:
Determine if you’ve created nexus in any new jurisdictions in the past year.
Nexus laws vary from state to state and can change from one month to the next.
Make sure you understand taxability of new products you offer.
Not only can taxability differ from one product to the next, but it can also differ state to state.
Verify jurisdictions based on exact location, not zip code.
It is not unusual to have multiple jurisdictions (and therefore multiple rates) for a given zip code.
Join KTL Solutions and Avalara for a free informational webinar on December 18th for full access to all 12 of the tips. *As an added bonus - each attendee will also receive a copy of the whitepaper “12 sales tax tips for small businesses”.
12 Sales Tax Tips for 2013
Tuesday, December 18, 2012
11:00 AM EST
by KTL Solutions