Total Cost to Perform the Process Group "Manage Taxes" per $1,000 Revenue

Published On:
April 15, 2021
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It has been said that the only certainties in life are death and taxes. And unless your organization is a large corporation with teams of lobbyists in Washington, D.C., it’s a certainty that you are going to pay a lot of taxes to a lot of entities—income taxes, payroll taxes, property taxes, sales and use taxes, and possibly more. If you operate in more than one country, your tax situation may be even more complex. The costs of administering your taxes can add up quickly for that reason, but skimping on costs can bring its own dangers. In this article, we’ll break down what organizations spend to manage their taxes and explore why it might be advantageous for some organizations to actually spend more on this process.