With 2020 in the rearview, retailers are seeing increased online sales, expanding into new markets, and exploring different demographics. After a year of adapting to the “new normal,” they have put systems in place designed to offset any future disruptions. However, emerging legislation presents a new wild card. Some states saw up to a 30% decrease in 2020 sales tax revenue, and may start auditing with a finer-toothed comb to close substantial gaps.
Faced with ever-increasing tax complexities, and the heightened audit risk, retailers are finding themselves in over their heads. This is especially true as ecommerce continues to spike and consumer behavior evolves. We will discuss these issues and how to navigate them with tax expert Pete Olanday of Vertex.
Register Now & You Will Learn:
About changes in consumer behavior during the pandemic
How retailers have pivoted to adapt to these trends
How to anticipate changing legislation and the impact on sales tax and compliance
How to create create cross-channel efficiencies by integrating a sales tax solution with your ecommerce platform
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