Sales Tax Automation Benefits and Limitations: Managing Compliance, Avoiding Penalties, Selecting Software
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will examine the complexities of sales and use tax reporting requirements and offer automated solutions for dealing with the numerous and diverse sales tax requirements. Our panel of SALT experts will provide suggestions for selecting software for companies that want to streamline sales and use tax compliance.
Outline
- Background
- State sales and use tax reporting requirements
- Potential penalties for noncompliance
- Considerations by business type
- Choosing a software package
- Streamlining the process
- Other considerations
Benefits
The webinar will review these and other critical issues:
- Steps to follow when selecting a sales and use software package
- Pros and cons of the most popular sales tax packages
- Establishing internal monitoring of jurisdictional changes
- Sales and use tax nexus requirements in certain states
- Key considerations in determining the appropriate automation solution
Faculty
Tram Le, CPA
Senior Tax Manager
TaxOps
Ms. Le is a CPA and licensed attorney specializing in tax strategies for growing businesses. She works closely with... | Read More
Ms. Le is a CPA and licensed attorney specializing in tax strategies for growing businesses. She works closely with clients on a variety of state and local tax (SALT) issues and assists businesses in responding to notices issued by taxing jurisdictions. Ms. Le has represented taxpayers before the IRS and the U.S. tax court and assisted clients with complex tax issues including offers-in-compromise and audit reconsiderations.
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Meredith Smith, CPA
Senior Tax Manager
TaxOps
Ms. Smith expertly weaves real-life examples into why business taxpayers, tax professionals, and tax providers should... | Read More
Ms. Smith expertly weaves real-life examples into why business taxpayers, tax professionals, and tax providers should care about complex state and local tax (SALT) issues. This knowledge comes from expertly navigating the web of tax laws governing SALT issues for 15 years. From working with clients inside their business, she knows the questions, issues and strategies for resolution that keep businesses on the tax compliance track. Ms. Smith combines technical knowledge and in-depth industry understanding in performing nexus studies, identifying areas of risk, and designing sustainable planning opportunities for achieving tax-specific business goals. Her practice covers state income tax, property tax, sales and use tax, and business incentives and credits. Prior to TaxOps, Ms. Smith was a member of the SALT practice at KPMG, serving large, multi-jurisdictional corporations and multi-tier partnerships across industries.
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