Tax compliance. It is one of those tasks that can drive your accounting department or bookkeeper crazy. It’s also an unavoidable, statutory requirement. Undoubtedly you have developed a process that works, but do you know how that process will hold up in an audit? With an average audit penalty of $34,000 and the average total cost for a business to manage a sales tax audit of $96,552, most companies cannot afford to make a mistake, even if it’s a little one. The consequences of making mistakes are dire.
Using Sage ERP to Reduce Audit Risk
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