Sales and Use Tax Compliance
Better management of your indirect tax compliance obligations is a necessity.
Smart strategies for indirect tax management
Many organizations are rethinking the way they manage their tax processes and controls to keep up with changes in tax legislation and accounting standards. This is a smart move, as the potential for errors on complex tax returns are considerable and the penalties substantial.
There also may be an additional risk that too much time may be focused on compliance at the expense of higher-value activities such as tax planning and risk management.
Consider co-sourcing
One useful approach is co-sourcing the indirect tax compliance function. Co-sourcing:
- Provides a cost-effective, versatile and adaptable approach that enables organizations to pay only for the services they need and not for headcount or overheads.
- Frees up in-house resources to focus on core tax functions and long-term strategic business initiatives.
Based in two central locations, KPMG’s National Compliance Centers for sales and use tax compliance are designed to offer a practical, reliable and high-quality approach to fulfilling your organization’s compliance obligations.
Contact us to find out more about how we can help you with a smarter strategy toward indirect tax management.
