“Technology is making it possible for smaller accounting firms to make sure their clients don’t get in trouble over payment of sales and use taxes. How have most firms handled this in the past?” was the speaker’s question. “They didn’t,” was the answer from attendees at MD Biz, Maryland Business & Accounting Expo, who were probably more interested in continuing education credits than the speaker’s comments (mine).
This could change. Internet packages such as Avalara, SpeedTax and CCH’s CorpSales Tax Online make tracking the changes enacted by thousands of jurisdictions much easier.
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