NetSuite Magazine (July 2014) - Tax Compliance, Simplified
Why should mid/small market companies be concerned about sales tax? Companies are required to collect taxes in most states where they do business. What’s so difficult—it’s just an invoice amount times the rate, right? Actually, it is much more complex, particularly when you throw in the need for sellers to determine nexus and make sure the correct rate is used. Businesses using ERP systems often fail to ensure that their tax calculation and returns processes are handled properly. And when...
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