Hidden tax compliance issues an intensifying challenge
March 15, 2017
More and more venture-backed companies have been opting to stay private for longer over the past few years, continuing to rake in sizable financings to fuel their growth. The increase in the population of private, fast-growing businesses has coincided with a major shift in the tax landscape when it comes to sales tax on ecommerce. In the past, physical location determined whether a company collected and remitted sales tax to a state, but now with the boom of ecommerce, states are taking an aggressive and creative approach in determining who owes sales tax.
To help shed light on the issue, Avalara presents Risky Business: Hidden Tax Compliance Challenges for High-Growth Companies. Powered by PitchBook, the report analyzes trends in related legislation, the growth in private, high-growth company population and more. Click here for access. This article represents the views of the author only and does not necessarily represent the views of PitchBook.