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The Current State of Managing Sales Tax Obligations

TaxConnex

Their responses are included in the following blog. For the vast majority of organizations, managing the minutia of sales tax obligations can be described as clunky, cumbersome, and risky, with each state having its own rules that are constantly changing. If you’re struggling with how to manage sales tax in 2024, consider outsourcing.

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5 Questions to Ask Yourself Before Distributing Sales Tax Obligations to Other Team Members After Losing a Key Employee

TaxConnex

Losing an important member of your finance team can leave a big hole in many business processes, especially if most of your accounting functions are managed in-house. But what happens when you lose the person managing your sales tax obligations? Often, budget doesn’t allow to immediately replace a lost employee.

Sales 130
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Sales Tax Compliance: Automated Returns or Service Provider?

TaxConnex

And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. The reality is your sales tax returns can create hefty penalties and fees for your business if not done correctly. Managing a tax calendar. Monitoring and responding to notices.

Sales 139
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5 Steps to Put Your Business on the Right Track to Maintain Sales Tax Compliance

TaxConnex

Or you acquire a business that has done very little to manage sales and use tax compliance? In this blog, we’ll outline 5 steps that will put you on the right track to have your business prepped to maintain compliance. As your team and business grows, you could also be expanding your nexus footprint.

Sales 244
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7 Small Business Trends that Arrived Just in Time for 2021

DuctTapeMarketing

This blog post is brought to you by GoDaddy Pro. But don’t be fooled into thinking that a) doing the same thing you were doing in a different format is an innovation and b) that anything in your industry will look precisely the same again. Tune your strategic thinking to finding ways to be the light in the dark.

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Understanding depreciation and its impact on corporate tax

ThomsonReuters

Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to minimize their tax liability. With tax obligations on the rise, your role as a trusted advisor is bound to grow in importance.

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Simple money management moves for your side hustle!

Reckon

Guest post blog by Catherine Schwartz Today, having more than one income stream is completely feasible. Millennials and Gen Z are the most financially savvy for their age range among all generations, partially attributable to technology that helps them manage their money better,” argues Catherine.