Description
Identify the benefits and limitations of automation and the considerations to weigh prior to selecting an automation solution.
As businesses expand across jurisdictions, sales and use tax gets more challenging, increasingly pushing business taxpayers to consider automated solutions as one tool in the toolkit of their state and local compliance program. With so many options available, hows a taxpayer to choose? Tram Le and Meredith Smith explore the genesis of sales and use tax as the foundation for understanding how nexus is determined and the potential tax liabilities and risk that nexus incurs on your clients. They will discuss who collects sales and use tax and why, then help you identify the benefits and limitations of automation and the questions and considerations to weigh prior to selecting an automation solution. Finally, our presenters establish what a comprehensive sale and use tax compliance program looks like element by element to help clients minimize risk and stay compliant as their business grows.
Date: 2023-07-18 Start Time: 1:00 PM ET End Time: 2:40 PM ET
Learning Objectives
* You will be able to describe who collects sales and use tax and why.
* You will be able to identify the benefits and limitations of automation.
* You will be able to discuss preautomation questions and considerations for selecting manual or automation solutions.
* You will be able to explain the breadth of issues involved in a complete compliance program for sales and use tax.