Sales and use tax compliance refers to correctly reporting transactions and paying taxes to each state or local jurisdiction as required. Jurisdictions can include cities, counties, districts, and parishes. To stay compliant, your company must:
Complete detailed analyses to properly collect and remit tax obligations on the company’s revenue streams.
Locate and file the correct forms to each jurisdiction where your company meets sales tax nexus requirements or has presence.
Meet designated filing requirements and timelines in each of these jurisdictions.