In 2020, the business world encountered numerous challenges due to sales and use tax changes in response to and in addition to COVID-19. Despite this, expectations remained the same: Businesses must stay in compliance with relevant changes to sales and tax regulations.
This was no easy task in 2020. As more consumers turned to online shopping, many businesses realigned their focus to eCommerce, triggering new tax obligations. In addition, state and local governments throughout the U.S. cracked down on remote seller tax compliance, increased tax rates, and introduced new taxes on digital advertising and remote employees – all in an effort to offset budget deficits. To get tax compliance right in 2021, businesses must prepare now for potentially more sales tax changes this year.
Join Avalara Vice President of U.S. Tax Policy and Government Relations, Scott Peterson, and FloQast Co-founder and CEO Mike Whitmire to make sure you’re up-to-speed on recent sales and use tax changes and ready for those to come in 2021. Additionally, Mike and Scott will share lessons learned and best practices, as well as how businesses can optimize the month-end close to improve tax compliance.
We’ll cover:
The impact of COVID-19 in 2020 and its influence on 2021
How businesses evolving the close process can impact tax compliance
Why understanding economic nexus and its triggers is more important now than ever
New tax obligations resulting from increased marketplace sales
The international market and changes to cross-border eCommerce compliance
Don’t miss this in-depth review of the 2020 sales tax changes you need to know about in order to have a successful 2021.
