Five Steps to Managing Sales Tax for Manufacturers

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The world of sales tax can be extremely challenging for manufacturers, but getting it right is crucial for success. As your business evolves and changes, your sales tax obligations may also change or expand. Manufacturers face shifting sales and use tax requirements and nexus obligations due to the complexity of equipment, parts, drop-shipping, and consumer direct sales. As a manufacturer dealing with these developing requirements, there are typically five steps you need to take in order to ensure you’re compliant at every stage of the sales tax cycle. To help, let’s review the five steps to managing sales tax that all manufacturing businesses should take.