Sales Tax Automation: Set It But Don’t Forget It (OnDemand Webinar)

$219.00

SKU: 410814EAU

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, how’s 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: End Time:

Learning Objectives

Discuss an Overview of Sales and Use Tax
• Sales and Use Tax Life Cycle and Nexus
• Who Collects Sales and Use Tax
• Sales and Use Tax Audits

Benefits and Limitations of Automation
• Benefits and Limitations
• Cost of Non-Compliance
• Where Automation Falls Short

Selecting Sales Tax Software
• Pre-Automation Questions and Considerations
• Comparing Automation Solutions
• Selecting Automation Solutions

You Have Software – Now What?
• Sales and Use Tax Compliance Plan
• Registration, Tax Types, and Returns
• Nexus Setup and Mapping

Other Considerations
• Exemption Certificates
• Manual vs. Automation Solutions
• In Summary

Tram Le, CPA, JD, LLM-TaxOps, Meredith Smith – TaxOps