Account for every step of the manufacturing process
Every day, manufacturers manage numerous factors that can affect tax liabilities and reporting obligations. Everything from the equipment you use to produce goods, to the raw materials in your products, to the location of your warehouses, to your shipment methods. Each one comes into play when it comes to tax compliance. Add in the complexity of inventory management and the challenge of selling into multiple tax jurisdictions with different and quickly changing regulations, and your tax management systems can become quickly overwhelmed.