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Avoiding Common Sales Tax Compliance Errors: Monitoring Nexus Guidelines, Rate Changes, and Exemptions

Methods for Alleviating the Compliance Burden

Note: CLE credit is not offered on this program

A live 110-minute CPE webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, June 13, 2024

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

or call 1-800-926-7926

This webinar will highlight businesses' most common missteps when attempting to meet multi-jurisdictional sales tax guidelines. Our panel of sales tax experts will offer recommendations to circumvent these errors and properly meet diverse local sales tax reporting and remittance requirements.

Description

Sales tax compliance errors should be anticipated. Monitoring sales tax compliance is an arduous, never-ending process. The voluminous number of jurisdictions and varying requirements are partially to blame. However, any error or oversight could result in significant penalties and interest for a business.

Sales tax nexus rules and rates are constantly changing. Many states offer exemptions from sales tax but often require exemption certificates. In addition to sales tax, use tax can be assessed on purchases that were not subject to tax in the state of purchase. There are steps businesses--and their advisers--can take to ease the compliance burden, mitigate these common oversights, and avoid sanctions.

Listen as our panel of sales tax controversy experts provides advice on eliminating and lowering sales tax compliance errors.

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Outline

  1. Common sales tax compliance errors: introduction
  2. Nexus determinations
  3. Registration
  4. Returns and filing requirements
  5. Use tax
  6. Categorizing products and services
  7. Exemptions
  8. Sales tax rates
  9. Late and non-filing
  10. Compliance monitoring
  11. Other considerations

Benefits

The panel will cover these and other critical issues:

  • Recommendations for monitoring and complying with multiple local nexus guidelines
  • Best practices for tracking multi-jurisdictional changes to sales tax rates
  • Utilizing automation and technology to circumvent sales tax errors
  • Managing specific state exemptions and exemption certificates

Faculty

Paci, Lori
Lori Paci, JD

Manager
Baker Newman Noyes

Ms. Paci is a manager in BNN’s tax practice, and is a member of the firm’s state and local tax (SALT)...  |  Read More

Szal, Jamie
Jamie E. T. Szal

Partner
Brann & Isaacson

Ms. Szal focuses her practice on assisting businesses in all aspects of state and local tax controversy, from...  |  Read More

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