Purchasing Cards Create Taxing Issues

January 2000
Financial Executive;Jan/Feb2000, Vol. 16 Issue 1, p12
Academic Journal
This article describes how employee purchasing cards are reducing administrative costs but are also posing problems for tax compliance. Companies are concerned that they will not be able to verify sales tax payment on these cards. However, a study by Gunn Partners found this risk negligible and recommended minimal efforts at verification.


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