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More Businesses Are Turning to Automation to Manage Tax on Purchases

CPA Practice

That’s according to a new survey from Avalara of accounts payable departments, accounting, finance, and tax professionals that focus on managing use tax obligations. Nearly a third (32%) of respondents also indicated that audit risks are high, especially when managing consumer use obligations. Avalara, Inc. ,

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

There have been some notable efforts by states to take some of the guesswork out of the occasion. Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state. Audits may increase as states share data with one another about smaller firms that log sales in several locations.