5 Retail Tips for Tackling Tax Issues and Improving Bottom Lines

Traditionally, retailers manually entered tax changes into their systems — a time-consuming process fraught with potential errors. If a retailer is undercharging tax, for example, it must make up the difference, which can prove costly. Additionally, such mistakes can lead to even stickier, longer-term problems such as class-action lawsuits, which have damaging effects on a corporate brand’s image. Retailers are increasingly turning to automated systems that accurately update their systems and eliminate potentially costly errors.