Sales Tax Toolkit: Your Guide to Q4 and Annual Filings

We’ve compiled resources and tips from our experts in this toolkit to help you create a plan for confidently meeting your sales tax deadlines while maintaining a work-life balance.

Be prepared instead of stressed

The U.S. currently has 12,274 sales tax reporting jurisdictions across the different states, counties, districts and cities. 

If you continue to file taxes the same way you always have and hope that nothing is overlooked, it might be time for a new strategy. Remember, hope is not a plan. Our team understands that the sales tax filing landscape is changing and we want to provide you with the knowledge and tools you need to ensure sales tax compliance, even as your filing obligations change.

This sales tax toolkit is a digital experience, including:

  • Key things to consider about modified business operations due to COVID-19 and how your filing obligations may have changed.

  • An ideal monthly workflow for tax filing teams, including a compliance filing checklist to reduce your risk of inaccurate reporting and penalties.

  • A list of all state filing deadlines and a printable calendar for you to prioritize your tasks and deadlines

  • Tips from our Managed Services team on maintaining work-life balance and avoiding burnout.

When you download our Sales Tax Toolkit, you’ll also have the option to select a gift for added boost when it comes to juggling the increased workload come January.

Get your toolkit

January is closer than you think, meaning now is the time to start preparing for sales tax filing. Regulations change and failing to ensure your filing process evolves along with those changes will not help ensure compliance. Sovos has the tools and guidance you need to create the right strategy that can continue to grow with your company and all sales tax regulations.  

It’s easy to feel overwhelmed with ensuring sales tax filing compliance. Burnout can happen when businesses lack necessary tools that help employees stay on track, with the ability to also maintain a healthy work-life balance. It may be more difficult for your employees to focus when they are stressed, which could lead to overlooked steps with your sales tax filing. But is there really a way to guarantee that balance? How can businesses make sure all sales tax filing deadlines are met without overwhelming employees? 

Then there is the sales tax filing process itself. But it doesn’t have to be a process. January is a stressful time of year, but businesses often have monthly, quarterly and annual returns to finalize and submit. If you operate in multiple states – either with physical presence or as a remote seller – there may be numerous state annual reconciliations to consider. Additionally, local, state and federal tax regulations are ever-evolving, meaning businesses must remain vigilant to avoid inaccurate reporting that can lead to hefty financial penalties. 

If you’ve ever thought, “Help me sales tax,” Sovos is here. Whether you are concerned about annual sales tax liability, updates at the local or state level or just with meeting all sales tax filing dates, we understand. Our team knows that the sales tax filing landscape is changing and we want to provide you with the knowledge and tools you need to ensure sales tax compliance wherever you file.