In any economic environment, your goal for your business is to increase the bottom line, and you can do that in two ways: by increasing sales or by reducing costs. One of the hidden costs of doing business is the cost of effectively and accurately charging and remitting sales tax.
Most U.S.‐based businesses have some sales tax liability and often also have use tax liability. And, contrary to popular belief, your business doesn’t need to be a retail business to incur the liabilities for these taxes. If you do business outside the United States, you may have additional sales tax requirements.
Okay, so, you’re ready to comply with sales and use tax regulations . . . if you could just figure them out. They’ve always been complicated, and, in recent years, with states trying to increase their revenues, the rules have gotten even more complex.
Although it might seem overwhelming and hopeless, it’s not yet time to throw up your hands in despair! You have options, and Avalara has commissioned an ebook, offered at no charge to FEI members, to help you address those options: Sales & Use Tax Compliance For Dummies®. Download the free ebook.
Sales & Use Tax For Dummies®, Avalara Special Edition, explores ways to effectively manage complying with the growing complexity of sales and use tax regulations and your responsibilities – your nexus – for collecting and remitting tax.
This book is aimed at financial management professionals who want to explore ways to comply with sales and use tax regulations.
In the book you will find:
- Insight into your nexus in various taxing jurisdictions, whether you’re a retailer or part of the supply chain
- Ways to determine whether you need to e-file taxes and how to calculate remittances accurately
- Approaches you can take to minimize the risk of an audit and penalties
- Methods you can use to automate the management of sales tax compliance.
Get your copy today, and as a by‐product, you should be able to run your business more efficiently and provide your customers with a more positive buying experience.