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Sales Tax software can be an effective tool for managing Sales Tax compliance if configured properly. Customizing and supporting unmodified software can be challenging, time-consuming, and expensive for providers. Therefore, from the experience of our customers, that level of needed support is not often provided, and ultimately the responsibility lies with the customer to tailor the software to their specific business needs. Furthermore, there are several key areas that Sales Tax software simply can’t cover or keep up with to provide total and up-to-date Sales Tax compliance coverage.
Even if you manage to set up the software correctly, constant management and oversight of the software are critical to ensure its proper functionality on a monthly basis. There are various confounding factors that can disrupt your software system. Below are some areas the software can fall short:
Sales Tax professionals, like Leyton’s State & Local Tax team, can bring valuable expertise and advantages that can make them more effective than relying solely on Sales Tax software. Here are some reasons why teaming with Leyton would be so beneficial:
Leyton’s professionals possess in-depth knowledge and expertise in Sales Tax regulations, rules, and complexities. They understand the nuances of various jurisdictions and can navigate the intricacies of Sales Tax compliance. Their experience allows them to interpret laws accurately, identify exemptions, and handle special cases that software may struggle with.
Leyton’s professionals can exercise judgment and adapt their knowledge to unique situations or changing regulations. They can make informed decisions in complex scenarios where software may provide limited guidance. Their ability to assess the specific needs of a business, apply exemptions appropriately, and navigate evolving tax laws helps minimize compliance risks.
Leyton’s professionals can tailor their approaches to the specific needs of a business. They can configure Sales Tax processes, develop workflows, and implement controls that align with the company’s operations. This customization can be challenging with Sales Tax software that may offer limited flexibility.
Leyton’s professionals proactively monitor changes in Sales Tax laws and regulations. They stay informed about new requirements, exemptions, and rates, and ensure timely compliance. Unlike software, which relies on updates and may miss certain changes, Leyton actively tracks developments and makes necessary adjustments.
Leyton’s professionals can help businesses develop effective strategies to manage Sales Tax risks and optimize their tax positions. They can identify opportunities for tax savings, evaluate the tax implications of business decisions, and offer guidance on structuring transactions to minimize Sales Tax exposure. Software may lack the strategic perspective and guidance that Leyton can provide.
Leyton’s professionals can offer personalized customer service and support. They can address specific concerns, provide explanations, and guide businesses through complex Sales Tax matters. Human interaction can be more comforting and reliable for businesses facing challenges or seeking clarification compared to relying solely on software support.
Leyton’s professionals provide continuity and adaptability during organizational changes or transitions. They can navigate adjustments in business models, expansion into new jurisdictions, or changes in tax laws. Leyton can analyze the impact of these changes and ensure compliance and operational efficiency, whereas software may require reconfiguration or additional implementation.
While Sales Tax software can streamline processes and provide accurate calculations, Leyton’s professionals offer a human touch, expertise, and the ability to handle complex situations. Combining the strengths of Leyton with the automation of software can lead to effective Sales Tax compliance and optimal outcomes for businesses.
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