Consumer Use Tax: A Bane for Businesses
Consumer use tax has long taken a back seat to sales tax when it comes to compliance. Many businesses either pay it little mind because they don’t understand its complexities, or are completely overwhelmed as to how to tackle compliance. It seems counterintuitive — even risky — to ignore something as significant as tax owed. Businesses trying to manage their consumer use tax liability will tell you: It’s not that simple.
This guide covers:
- Where businesses often create tax liability
- Eye-opening statistics about consumer use tax that will help you understand why you need to set controls
- Current management processes (and some of their flaws)
- The benefits of automating consumer use tax compliance
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