| Taxation has been at the root of debates, riots and wars for centuries. The “gabelle,” a tax on salt by the French monarchy is said to have led to the French Revolution and the Boston Tea Party, an uprising by America’s colonists against Britain’s Tea Act of 1773, was a catalyst to the American Revolution. It’s not without some irony that July 1st marks the date when many states put their newly increased sales tax rates into effect — the same month when both France and the United States celebrate their independence. This year, 19 states raised sales tax rates as of July 1, 2015. Even though an increase of just a few percentage points probably won’t cause another war any time soon, it does add complexity to your processes. Just when you think you have a good handle on sales tax, the rate or taxability will change in a specific jurisdiction putting you at risk of error. Cloud-hosted tax decisioning software like AvaTax gives you real-time access to the latest rates and rules and pinpoint precision in applying those rates to every transaction. Much like the minutemen of the American Revolution, AvaTax is ready in a minute’s notice (less, actually), so you can declare victory on sales tax compliance. Understanding how sales and use tax works is no easy task, but we can help. Take it from the top with Avalara’s new e-book Sales and Use Tax Compliance for Dummies. |
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Keep a civil tongue.