Do you need to know precisely what is in your warehouse at all times? Are you wasting valuable time manually entering data into your accounting system?
Determining accurate taxability encompasses layer upon layer of complexity. From determining and tracking jurisdictions, rates, and transaction types to surviving an audit, it’s a burdensome, increasingly costly chore that promises to get more difficult.
As more states expand taxability on services and tangible goods, the potential for sales tax calculation errors and audit risk rises. This paper gives some “rules of the road” in the new world of greater sales tax liabilities for companies of all sizes.
Businesses are often resistant to change because they don’t want to risk “good enough” for something that, in the end, could prove to be worse. But moving from ad-hoc, manual expense reporting to smarter, cloud-based mobile expense reporting provides value across the board.