article thumbnail

The Big 3 Barriers to Managing Sales Tax

TaxConnex

Our company is highly acquisitive and this results in lack of consistency when it comes to billing, accounting and reporting,” said one survey respondent. More than half of respondents (58%) use internal resources or their existing accounting system to try to manage their compliance obligations. Manual, cumbersome processes.

Sales 130
article thumbnail

What's new in May for state sales and use taxes

TaxConnex

Early discussions bandied property taxes and temporary hikes in sales tax (Alaska doesn’t have a state-wide one). States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Then the $6.2 Time for a renovation?

Sales 194