How Retailers Can Overcome 7 Common Tax Compliance Challenges
Managing tax compliance in a multi-channel environment presents multiple challenges. Retailers face increasingly complex jurisdictional tax laws, accommodation of special tax rates and rules, and unique compliance requirements. Couple this with growth and expansion, mergers and acquisitions, technology upgrades and increasing consumer demands, and retail tax management becomes a daunting task.
The Vertex sales tax extension for Microsoft Dynamics 365 Commerce enables retailers to:
- Greatly reduce the time and effort to perform sales and use tax calculations;
- Gain greater accuracy of returns and compliance data;
- Expedite user adoption with anytime, anywhere accessibility;
- Improve scalability to meet changing sales and use tax requirements;
- Lower operating costs; and
- Achieve fast time-to-value with cloud integration through Microsoft.
When tax calculation issues are seamlessly and expertly addressed, customers, tax and IT professionals all benefit.
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