E-Commerce Sales Taxing Your Compliance and Financial Systems?

Once a retailer begins selling products or services online, its legal requirements are compounded as it now must track, administer, collect and remit taxes and tax rules at each doorstep. If you're operating in all states that levy a sales tax, you’ll need to comply with well over 8,000 jurisdictions. Compliance can be a daunting task for both finance experts and technology teams managing the infrastructure to support internet sales. When not properly managed, it can be fairly costly in the form of audit support costs, penalties and, even more damaging, a poor customer experience.