Comparing the Cost of Sales Tax Compliance: In House vs. Outsourcing Infographic
Sales tax compliance is complex. Make sure you're getting it right.
Many businesses are struggling to keep up with their sales tax obligations and often don't realize when they're violating the rules, exposing themselves to significant risk.
Sales tax compliance can get incredibly complex. If your company only has sales tax nexus in one or two states, then the process could be relatively manageable. The complexity (and risk) grows drastically, however, as your sales tax obligation and the number of states in which you have nexus grows.
At some point, most companies must consider whether they want to keep the compliance process in house or outsource the function to an external specialist. An important component of that decision is cost - but you must make sure you're considering all of the relevant costs when comparing the two. In this graphic, we look at 8 cost considerations you must evaluate.
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