Here’s a number to digest: 1.2 days.
See if you can find space in your memory bank for that number. (Maybe you can store it next to the spot where you keep “2.3 children in the American family.”)
Some guess that it takes, on average, 1.2 days for hackers to completely revise their plans of attack against cyber security measures. If they fail to penetrate their target at 8:00 am on Monday, they have a whole new plan of attack and point of entry lined up by lunch time on Tuesday.
These cyber threats are happening billions of times a day. (FYI – that’s not a typo!)
We all know that business is literally evolving at the speed of light these days. This is true for all aspects of your business, not just cyber security. Your company’s customers are demanding more powerful technologies, quicker delivery methods, more customizable solutions, and many other improvements to your current business model.
How does this impact your sales tax planning?
1) If the only exposure you get to your company’s sales tax data is the monthly tax returns, then you’re falling behind the times.
2) If your sales tax returns are done each month “the way we did it last time,” then you’re falling behind the times.
3) If you’re not constantly analyzing how your company’s new projects and product/service offerings should be treated for sales tax purposes, then you’re falling behind the times.
Because of the speed at which your company is evolving, your sales tax planning needs to keep a similar pace in order to ensure maximized profits and minimized liabilities.
If you’ve fallen behind the times, it’s not too late to get back up to speed. Let’s setup a FaceTime chat and figure out a game plan. (Or we can do it the old-fashioned way and meet face-to-face instead!)