In 2020, the business world encountered numerous challenges due to sales and use tax changes in response to and in addition to COVID-19. Despite this, expectations remained the same: Businesses must stay in compliance with relevant changes to sales and tax regulations.
This was no easy task in 2020. As more consumers turned to online shopping, many businesses realigned their focus to eCommerce, triggering new tax obligations. In addition, state and local governments throughout the U.S. cracked down on remote seller tax compliance, increased tax rates, and introduced new taxes on digital advertising and remote employees – all in an effort to offset budget deficits. To get tax compliance right in 2021, businesses must prepare now for potentially more sales tax changes this year.
Join Avalara Vice President of U.S. Tax Policy and Government Relations, Scott Peterson, and FloQast Co-founder and CEO Mike Whitmire to make sure you’re up-to-speed on recent sales and use tax changes and ready for those to come in 2021. Additionally, Mike and Scott will share lessons learned and best practices, as well as how businesses can optimize the month-end close to improve tax compliance.