Tax Automation Software Prepares Retailers for New World of E-Commerce

This article looks at how a tax automation solution allows retailers to navigate the three most common points of change successfully.

Tax Automation Software Prepares Retailers for New World of E-Commerce

Managing a company’s tax responsibility has always been complex — even before it was common for brick and mortar retailers to have an e-commerce channel. But as e-commerce has grown, consistently capturing double-digit consumer penetration over the past decade, retailers have had to adapt, respond, and plan for new layers of complexity within their tax reporting structures.

This article looks at how a tax automation solution allows retailers to navigate the three most common points of change successfully. Many of these latest tax automation solutions make it easy to customize responsible for paying and collecting the tax and then shift those responsibilities as technology, regulations, and businesses change. Readers will learn about:

• Changes in regulatory and governing bodies
• Changes in business activity and performance
• Changes in technology and access
• How to prepare for anything with tax automation

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