Regardless of size, today’s manufacturers are significantly challenged in the quest for Sales and Use Tax (SUT) compliance, as they continue to evolve their businesses, create new product offerings, explore new business channels and expand geographically. The risk of noncompliance is substantial, as manufacturers are outgrowing a patchwork of legacy technologies that negatively impact performance. This report by Aberdeen Group reveals the complex challenges manufacturers face today in indirect tax and provides a roadmap for sidestepping the increased difficulty to come in the future.
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New Tax Law Sneaks in Change in Backup Withholding Rate
The recently passed tax law changed the backup withholding rate for payments reported on 1099 forms, but th...
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TIGTA Report Could Trigger IRS Action on 1099-K Threshold
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report making some significant recommendations to the IRS to improve taxpayer compliance in the gig economy. While...
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First-ever IDC MarketScape Report focused on global tax automation software names Sovos a leader and signals two things at a crucial moment in the digital transformation of tax.
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Tipsheet: Why Latin America Is Setting the Bar for Shared Services