What Type Of System/Functionality Do I Need To Collect Transaction Taxes?
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Tax Professional Answers
Brian Weaver, CPA, MBA
The right tax system can bring about greater efficiency, a substantial return on investment and reduce potential liabilities. The wrong system can create havoc and a never-ending fire-fighting environment that no one want to be a part of. When it comes to selecting a system to implement, where you are doing business, how you are doing business, the mix of products and services that you currently sell, and taking a look at where the business may be going in the future all need to be considered. Your needs may be very basic such as rates and some exemption functionality. You don’t need to spend $100,000+ on a system if you do not need all the bells and whistles. Therefore, an objective viewpoint from a knowledgeable source without any bias to any particular system to help make that determination is a great starting point.Leave a Comment 153 weeks ago