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Five Steps to Sales Tax Compliance

Five Steps to Sales Tax Compliance

Sales tax compliance can seem both mysterious and stressful as it falls outside the comfortable parameters of GAAP and into the mysterious world of sales tax nexus, taxability, non-compliance, penalties and fines. Strategically, sales tax compliance may not be widely understood, but it's not mysterious. Sales tax compliance is a process and involves business decisions that balance risk and cost.

This five step approach provides a framework for evaluating sales tax risk in your business and shows how to return your business to sales tax compliance.

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