Sales tax is tough, especially when it comes to compliance. Sales and use tax compliance takes time and resources, no matter the size of your business. New laws are constantly added and amended, sometimes with little warning, making compliance seem nearly impossible. To make things worse, sales and use tax audits are on the rise due to the estimated $1 billion tax gap. In 2021 alone, an average of 1,200 new bills were introduced each month. How can you keep up in the upcoming year?
In an industry as complex as sales and use tax, you can’t go alone. That’s why Sovos has many resources to help businesses of all sizes get the newest updates when they need them.
3 tools to keep you informed on sales and use tax in 2022
As tax laws are created and amended, Sovos has your back in real time. Our regulatory analysis page is updated as tax regulatory changes are made. Easily select your region and topic of interest to see the latest regulatory analysis news. You can even subscribe to get updates sent directly to your inbox.
Looking to stay ahead of digital tax? Be sure to check out our content library, which features whitepapers, eBooks, infographics and so much more. Like our regulatory analysis page, you can choose your tax topic of interest and location or browse our expansive library.
Sovos’ LinkedIn Network for Tax and IT Professionals is also a great resource for connecting with others in the sales and use tax industry. Experts regularly share timely articles about regulation changes, product enhancements and more. Think of this group as your daily newsfeed to stay on top of timely tax challenges from around the world. Starting discussions and asking questions is strongly encouraged — we look forward to seeing you there.
In the ever changing world of sales and use tax, it’s up to you to stay compliant. We hope that Sovos can help you and your organization do just that.
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