The 5 steps to managing sales tax for retailers
Understanding the ins and outs of sales tax compliance can be tricky for even the savviest business, but getting it right is crucial for success. Knowing where you need to collect tax, collecting the correct amount, and properly documenting exempt sales are all key stages of the sales tax process. However, some steps get overlooked or handled incorrectly, leaving businesses exposed to potential penalties and fees in the case of an audit.
Avalara's VP of Sales and Use Tax Enablement, Clifford Turner, reviews the five steps to managing sales tax compliance all retailers should take. He not only reviews the five steps in detail, but also digs into the specific challenges that can plague this process for retail businesses. In this webinar Clifford covers the:
- Typical steps businesses should consider for sales tax compliance
- Impact of new sales tax legislation
- Tools and resources to help you navigate the five steps