July 22, 2020
Manager, Chris Cicalese, CPA, MSTFP, authored the feature article, “Leveraging Software for Sales Tax Compliance” in the 2020 July/August issue of NJCPA Magazine. Chris discusses the different features to keep in mind when considering software options and popular automation solutions.
Sales tax collection can be one of the most daunting tasks in operating a business. But software can provide some relief.
New Jersey’s general sales tax guide contains over 30 pages of guidance listing various items that are either taxable or non-taxable. Often, an item will not even be on the list, leaving CPAs to interpret the other items on the list and apply it to the item. CPAs also sometimes receive unofficial guidance from state auditors during a routine audit. In some cases, without a ruling from the tax director, the unofficial guidance may not be enough.
As states continue to adapt to the Wayfair court case ruling, it can feel next to impossible to stay on top of sales tax law. In addition to staying up to date on the law, businesses also need to collect, file and remit sales tax to the various states in which they operate. Fortunately, there are various apps to help automate the sales tax filing and collection process. Continue Reading →
Follow Chris on Twitter at @AthleteCPA. Follow NJCPA on Twitter at @NJCPA for more information regarding New Jersey news for certified public accountants. Click here to continue reading the full article →
Read the 2020 July/August issue of NJCPA, Click Here.
https://njcpa.org/article/2020/07/20/leveraging-software-for-sales-tax-compliance
