How Manufacturers Can Overcome Sales and Use Tax Challenges

This guide outlines the challenges manufacturers face in managing sales and use tax compliance across multiple jurisdictions in the United States. It discusses the complexities of tax laws and the potential consequences of non-compliance, such as overpayment and penalties. The document highlights key features that an effective sales and use tax solution should include, such as integration with existing systems, real-time exemption certificate management, and automated tax filings. It also presents insights from a survey conducted by the Manufacturers Alliance Foundation and Sovos, detailing the priorities of manufacturers regarding tax compliance technology. Key performance indicators (KPIs) for measuring the success of tax solutions are identified, including reductions in hours spent on filing, the number of audits without adjustments, and the percentage of accurate returns. The guide emphasizes the importance of technology in overcoming tax challenges and improving compliance efficiency for manufacturers.