How Manufacturing Leaders Overcome Sales and Use Tax Audit Challenges – INFOGRAPHIC

Alex Forbes
August 30, 2017

This blog was last updated on September 16, 2019

The current regulatory environment for manufacturers is laden with risk. In a recent Aberdeen Group survey, 50 percent of manufacturers indicated they saw a significant increase in audit scrutiny and frequency over the past two years, with another 60 percent believing audit frequency and scrutiny will continue to accelerate over the next three to five years.

What Manufacturing Leaders Do Differently for Sales and Use Tax

See INFOGRAPHIC Below

The speed and complexity of sales and use tax compliance is outpacing solutions most businesses use to comply. As a result, manufacturing business leaders are seeking more powerful cloud applications to approach compliance strategically.

The following infographic highlights the key risks and challenges posed to today’s manufacturers by their current sales and use tax process, their biggest business drains and what Leading manufacturers do differently to outperform Followers.

 

How Manufacturing Leaders Overcome Sales and Use Tax Audit Challenges - INFOGRAPHIC

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Download the full Aberdeen Group report, “Sales and Use Tax Compliance for Manufacturers: Boost Confidence, Ensure Accuracy.”

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Author

Alex Forbes

Alex Forbes is Senior Manager, Content Marketing, at Sovos. When not helping readers navigate their tax-related digital business transformation journeys, he enjoys day tripping around New England with his wife.
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