The process of staying compliant with ever-changing, complex regulations has substantially expanded as jurisdictions ramp up sales tax collections in response to the US Supreme Court’s decision in South Dakota v. Wayfair, Inc.
This new economic nexus regime can create major burdens for your tax team that could result in an increased sales tax compliance cost due to noncompliance or late or inaccurate filings.
Managing state, county, city, and district level tax obligations can be challenging for any company, but those in the following sectors should pay special attention to sales and use tax compliance:
- Retail
- Technology
- Life sciences
- Restaurants
- Manufacturing and consumer products
- Construction
Explore the ways we can help your business navigate compliance.