The tax experts at Avalara have created a comprehensive guide to sales and use tax to help businesses prepare for increasing requirements that can often be overlooked by businesses. Many of you are probably experiencing firsthand how state and local governments are revising tax laws to increase revenues to make up for their budget shortfalls. The new reality is that you can no longer assume that just because you do not have a physical presence in a state, you are free from sales tax obligations.
The reason sales tax compliance is so complicated is because businesses have to determine and track jurisdictions, rates, and transaction types 24×7 to ensure that if an audit occurs they are in compliance. Items that are not taxable today could be taxable tomorrow, and what’s taxable in one state may not be in another and could be taxed at a different rate a week from now. There is no way around it…sales tax management is a burdensome, increasingly costly chore that promises to only get more difficult!
Did you know that 45 states, including the District of Columbia, impose some form of sales and use tax? The five states that do not impose general sales and use taxes are Alaska, Delaware, Montana, New Hampshire and Oregon. Even though Alaska does not impose a state sales tax, many local jurisdictions there impose a local sales tax.
Avalara’s new white paper, The Definitive Guide to Sales & Use Tax, explains commonly misunderstood elements of sales tax compliance as well as a state-by-state summary of sales tax rules and regulations. This list is not exhaustive, and is subject to change, so we encourage you to continue to research the current standards and exceptions for the states in which you do business.
Download “The Definitive Guide” and get:
- An overview of the current sales and use tax landscape
- A discussion of the complexities in sales and use tax laws
- General sales tax practices by state
Get your free guide download today:
Interested in learning more about how Avalara can help you automate your sales tax compliance within Sage 100 ERP, Sage 500 ERP and Sage ERP X3? If so, register for our upcoming webinar to learn more:
Stay Ahead of Sales Tax Changes with Sage Sales Tax
August 20, 2013
2 PM ET / 11 AM PT