POS Tech Guide: New Roles for a Changing Retail Environment
Discover new innovations in point-of-sale and retail technology with our guide.
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Sales and use tax returns compliance is a potential candidate for outsourcing.
Sales and use tax returns compliance is a potential candidate for outsourcing. Hiring an expert services provider enables you to hand off the administrative tasks of returns preparation, filing and treasury management, while staying firmly in control of compliance.
Outsourcing enables you to tackle many challenges, including:
That last point is especially important during challenging economic times, when your people are looking to maximize their contribution to the company’s resilience. Even if you use software to automate the returns generation piece of the compliance process, you may still be tying up crucial expertise on other relatively low-value tasks.
Sales and use tax outsourcing providers vary greatly in the scope of the services they offer. Some handle only returns processing. Others cover the entire returns process but may themselves outsource part of it. Or, they may be unable to deliver an integrated, end-to-end process — leaving buyers to deal with the hassle of multiple points of contact and potential miscommunications that can result in late payments, penalties and other problems resulting from poor control and weak accountability.
Here are four useful scope-focused questions that you should ask any prospective service provider:
In my next post, I’ll discuss some of the benefits of outsourcing sales and use tax compliance.
More and more businesses choose to outsource their sales and use tax returns to improve compliance and grow with confidence. Explore our trusted outsourcing service.
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