Last year, you saw sales and use tax became increasingly complex with major taxability changes and more state-by-state rules. And that trend is only going to continue into this year.
Here are the highlights that your A/R and A/P teams need to stay compliant.
The top trend now
Now, every state’s making unique rules that A/R and A/P staffers must know and work by.
In 2018 alone:
- 31 states (and Washington, DC) added economic nexus laws
- 10 states added marketplace facilitator laws (with a handful more coming in early 2019), and
- 5 states added new use tax reporting requirements.
For The Full Article: CFO Daily Newscfo|daily news
by alyssa evans
january 25, 2019