Sales Tax Outsourcing vs. Sales Tax Automation
So you’re the owner of a small or mid-sized business and you recognize a need for sales tax expertise in your business. Should you automate the process or outsource the process? First, sales tax...
View ArticleOutsourcing and New Year’s Resolutions – It’s Time to Plan…
I’ve talked with a number of you over the previous six weeks about outsourcing your sales tax compliance work. With a new filing year starting February 1 with the January returns filed in February,...
View ArticleFiling Sales Tax Returns… On Lombardi Time.
I used to think that filing sales tax returns on the due date was a good business decision. After all, why give the jurisdictions their cash early? However, my thinking has shifted over the years....
View ArticleCreating Accountability in a Sales Tax Outsourcing Engagement
When businesses outsource their sales tax process, they become reliant on the service provider for the delivery of the service. In turn, the service provider has a staff of employees (or preparers)...
View ArticleWhat Does KPMG Sales Tax Buy Mean to Small – Midmarket?
With KPMG’s recently completed acquisition of Thomson Reuters’ Indirect Tax Managed Service business (aka sales tax outsourcing), it will be interesting to see how they will serve the small and...
View ArticleSales Tax Outsourcing – Cost Reduction Not the Priority
I’ve often thought about why a company outsources their sales tax process. Large enterprises with dedicated sales tax staff can hinge their decision on staff and cost reductions. This doesn’t work...
View ArticleSales Tax Outsourcing – Walking the Performance Tightrope
Monitoring the success of your sales tax outsourcing relationship can be challenging. There’s a tightrope that you must walk between turning over the process solely to your partner and staying too...
View ArticleSales Tax Outsourcing – You Can’t Be Half Committed
Creating a successful sales tax outsourcing engagement takes a commitment from the vendor and the company outsourcing. You would think a company that has just decided to outsource their sales tax work...
View ArticleOutsourcing the Sales Tax Department: 4 Key Factors to Consider
Outsourcing the sales tax department has been a growing trend over the last several years. I’m basing this statement on the growth of my own firm over the same period of time. We’ve seen many...
View ArticleBig Shake-Up in the Sales Tax Industry
There’s been a recent announcement in the sales tax industry that I’d be remiss if I didn’t mention it here. Just this week Thomson Reuters announced a pending sale of their Indirect Tax Managed...
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