The hallmarks of successful business growth are scaling to meet market
demands, entering new markets, and differentiating product and
service offerings from the competition. Yet, the very activities that lead
a growing business to gain a foothold in the marketplace may create
surprising tax compliance risks. Transactional tax compliance involves
everything from sales tax rate rule and boundary accuracy to use tax
reporting to exemption certificate management. Unless your business
has hundreds of thousands of dollars to spend on audit fines, fees and
penalties, protecting yourself against unnecessary transactional tax
risks is simply good business.
Here are five ways your success can be your downfall when it comes to
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