- Sales tax audits are increasing due to complex economic nexus laws, ambiguous taxability rules, and a shortage of internal resources.
- Having accurate documentation can turn an audit into a positive opportunity to demonstrate compliance.
- The right tax technology can help reduce liability and identify potential exposures.
- Key questions to ask about your tax solution include: understanding of all transactions, tax exemption management, nexus intelligence, and automation of tax returns.
- The right tax technology can streamline the audit process and improve performance.
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
