With most goods and some services being taxable in 45 states and more than 13,000 different jurisdictions nationwide, manufacturers are dealing with high levels of tax complexity right now.
A new IndustryWeek research report uncovers these and other top tax issues keeping manufacturers up at night:
- Too much time and effort spent on tax compliance, filing returns and managing certificates.
- Difficulty understanding which tax laws apply to them and then complying with those laws.
- A general lack of internal resources for effectively managing taxes.
For help, manufacturers are using automation and digitizing their businesses with various enterprise resource planning (ERP), e-commerce technologies, and tax automation platforms.
Integrated with other solutions, these platforms save manufacturers time, increase accuracy, improve compliance and reduce audit risk.
The report explores the main tax challenges and shows how organizations can use automation to increase compliance and save money and time when managing this critical aspect of their businesses.
Download the report below. To learn more, join us for a webinar on September 8, 2022 hosted by IndustryWeek here.