It was the most relaxed of times, it was the busiest of times. Which sounds more like your business when it comes to calculating transactional tax rates, preparing and remitting returns and managing exemption certificates?
Sales and use tax compliance looks very different depending on whether an accounting and finance team is grinding away at handling tax compliance the old way or is armed with automation and the right software to handle the task. The lead-up to deadlines can mean a jumble of extra work hours and rushed calculations at some companies, while others handle deadlines smoothly and with no extra rush. Audits strike fear into the hearts of some finance and accounting teams, but some view auditors as a natural consequence of doing business and are confident their numbers will add up.
What makes the difference between scrambling to update an expired exemption certificate and learning about the expiration before it happens? What makes one company worry about outdated rates, while another trusts their rate calculation completely?
This informative new whitepaper, A Tale of Two Accounting Departments, compares two companies that have drastically different experiences when solving common tax compliance challenges. At every point in the tax cycle, these growing businesses have drastically different experiences, all stemming from one major decision: one company has decided to use an end-to-end sales and use tax automation solution, while another uses a range of more traditional tools and methods. Scenarios covered include:
- Changing tax rates
- Filing and maintaining exemption certificates
- Filing sales tax returns and remitting payments
- International shipping
- Sales tax audit
Learn why the lead-up to filing deadlines equals extra work hours and increased risk at some companies, and how others are able to easily manage tax compliance accurately and without panic.
Read the whitepaper now and learn if automation could make sense for you and your business.