Sales and Use Tax Challenges of Corporate Credit Cards: Finding Resources to Create an Effective Compliance Process

Fueled by employee convenience and cost reductions in the procure-to-pay cycle, corporate procurement policies are shifting more transactions from the traditional accounts payable process onto credit cards. As more transactions bypass established sales and use tax controls, however, tax compliance has become more of an issue. In this article, author Greg Anderson looks at the various types of cards in use and discusses steps that tax departments can take to identify resources and tools that ensure tax compliance.