Conquering Manufacturing Tax Compliance Challenges

As the manufacturing industry continues to rapidly evolve, it’s more challenging than ever for businesses to maintain indirect tax compliance.  In addition to supply chain disruptions and commodity increases, scaling for growth amidst constantly changing tax regulations adds considerable complexity.  In this paper, experts from Vertex and BDO discuss the following topics: 

• How to navigate tax-related manufacturing trends such as regulatory scrutiny, cost pressures, and e-commerce compliance.
• Mitigating compliance hurdles like evolving tax rules, tracking goods for VAT, managing state-specific exemptions, and ensuring data quality.
• Preparing your organization for tax automation, how to evaluate indirect tax requirements, current compliance efficiency, and choosing between ERP tax functionality or a standalone tax engine.
• Best practices for building a robust business case and aligning stakeholders for strategic tax automation objectives