For manufacturers and distributors, sales and use tax compliance isn’t always top of mind; yet getting it wrong can result in costly audits, fines, and penalties. Sales tax compliance poses specific challenges for most transaction types, including resale exemptions and direct sales to consumers.
In a recent Google survey, 85% of retailers rated the holiday season as the most critical time for their business. Before you open your doors (real or virtual), be sure you’re ready. Following some simple best practices can help ensure a joyous holiday shopping season.
A frightening number of businesses use free sales tax calculators and ZIP codes to get sales tax rates for customer addresses. For instance, if you need to know how much sales tax to charge a California customer, you might be inclined to take the ZIP code from their address and use a sales tax calculator […]
Reduce non-taxed transaction audit risk with exemption certificate management for Sage ERP. Do you believe that being a non-retailer exempts you from owing sales tax? If you do, and an auditor finds out that you don’t charge sales tax, you’re likely to be in for a painful audit.