If you manage any aspect of your organizations sales tax, use tax, or exemption certification management process, you understand how time consuming it can be to stay on top of all the rates, rules, and changes that regularly occur in the states you conduct business. It’s a burdensome and costly task that generates absolutely no revenue for your business, and it continues to get more difficult as budget strapped states re-define nexus laws to make up for budget shortfalls. If you are unfamiliar with the term nexus, it typically refers to a “physical presence” in a state that requires you to collect and remit sales tax in that state. To determine which activities might trigger nexus in the states you currently conduct business, you can complete an online nexus wizard, sponsored by Avalara.
Avalara has also published a new guide that can help you better understand common sales tax practices by state. This free guide, called “The Definitive Guide to Sales & Use Tax” includes a wealth of knowledge about the current sales tax landscape, overview on why sales tax management is so complicated, common misunderstood elements of sales tax compliance, and a high-level state by state break down of tax laws. The guide is a one-stop shop for everything you ever wanted to know about sales and use tax and more! The content in this guide is not exhaustive, but it is a good starting point to help you understand all the nuances that can come with managing sales tax.
After reading this guide, you will see why manual sale tax management (whether it be via a spreadsheet, rate look up tool, or monthly upload) no longer makes sense, and automation is the answer! Avalara leads the market in sales tax automation solutions and seamlessly integrates into more ERP/Financial, eCommerce, and POS applications than any other product or service available, including Sage ERP.
Contact DSD Business Systems today at CareTeam1@DSDinc.com to learn more about automated sales and use tax solutions for Sage ERP.