|
|
Benefits for Merchants:
The Pay My Taxes™ program offers an easy, convenient method of budgeting for state sales tax obligations by diverting a percentage of a merchant's credit card receipts on a daily basis. This process minimizes the merchant's burden at filing time. Additionally the Pay My Taxes™ Program potentially:
- Reduces tax delinquencies and related costs.
- Reduces tax accounting costs.
- Creates a more business friendly environment with less conflict and better government-business relations.
- Reduces time and money devoted to tax related litigation and legal services.
- Encourages businesses to stay in business through better sales tax payment planning and better allocation of resources.
- Decreases business shutdowns for non-payment of state sales taxes.
- Allocates resources more efficiently in areas that increase product sales, marketing, innovation, growth, and business profit.
- Increases competitiveness due to increased compliance and time allocation costs.
- Reduces industry costs as less time is spent with tax authorities and legislators.
|
