Improve Sales Tax Compliance with 75% Less Prep

In this episode of Chew on This, hosted by an unnamed speaker, Puneet, the CEO and co-founder of Kintsugi, discusses the importance of sales tax compliance for businesses. Puneet emphasizes that sales tax is a primary revenue source for local governments, funding infrastructure and community projects. He advises businesses to address sales tax from day one, using tools like Kintsugi to monitor thresholds and ensure compliance, highlighting the potential financial pitfalls of neglecting sales tax, including penalties, fines, and decreased company valuation during fundraising or exit. He shares stories of businesses that faced significant financial setbacks due to non-compliance and others that optimized their operations by strategically managing inventory locations to minimize sales tax liabilities. Puneet also differentiates Kintsugi from other solutions like Avalara, emphasizing its PLG model, transparency, and commitment to helping founders navigate the complexities of sales tax.