Now that almost every state has enacted, or is in the process of enacting, statutory authority to collect transactional taxes using economic presence as the nexus-causing argument, many businesses are scrambling to find solutions. Roadblocks that many companies are running into include:
- Is there a technology solution that I can connect to my existing platform to help manage rates, reconciliations, filing, and other new tasks for my team?
- Are there past liabilities that may come up once I register in a new state or jurisdiction, and how do I figure that out?
- How much time and effort will my team have to spend on implementing new procedures, and then how much time will it take to manage those processes going forward?
- What does it mean to "hold money in trust" for the government?
We are helping our clients with these questions daily. While the answers may be daunting, it does not take long for you and your team to grow comfortable with what paths are available to move forward. So please give us a call so we can
help you learn what your business faces.
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