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Sales Tax Registration: Assessing SALT Exposure, Determining Compliance Readiness, Monitoring Ongoing Compliance

Note: CLE credit is not offered on this program

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Thursday, July 18, 2024

Recorded event now available

or call 1-800-926-7926

This webinar will walk state and local tax professionals through the sales tax registration process. Our panel of seasoned SALT veterans will identify initial caveats that come with registering a business for sales tax, explain the registration process in particular states, and offer suggestions for maintaining a sales tax compliant business.

Description

The initial step in sales tax compliance is registering for sales tax. Although the process itself may appear simple, there are preliminary considerations that should not be ignored. Registration can lead to exposure for prior unreported and unremitted sales, use, local, and income taxes. Additionally, once registered, a business must be ready to comply with the state's reporting and remittance process or suffer the consequences.

The nexus requirements and registration requirements vary by state. Registration in some states is not required if sales occur exclusively through marketplace platforms. Many states allow electronic registration, while others require paper registration. Separate registration for local taxes might be needed in home rule states. Once registered, sales tax status should be monitored and reviewed for compliance dates, nexus, and responsible party changes. SALT professionals working with state and local taxes need to recognize the ramifications of the sales tax registration process.

Listen as our panel of SALT leaders explains the preliminary and ongoing considerations of sales tax registration.

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Outline

  1. Registration requirements
  2. Types of registration
  3. Registration process
  4. Addressing prior sales tax exposure
  5. Compliance readiness
  6. Home rule state considerations
  7. Specific scenarios
  8. Best practices

Benefits

The panel will review these and other critical issues:

  • Avoiding hidden hazards of sales tax registration
  • Monitoring ongoing sales tax compliance after registration
  • The importance of compliance readiness before sales tax registration
  • Weighing exposure to prior SALT obligations before registration

Faculty

Lipin, Ilya
Ilya A. Lipin
Tax Principal, Atlantic Region State and Local Tax Practice Leader
BDO USA

Mr. Lipin provides clients with state tax advice in the area of multistate income taxes, sales and use taxes, tax...  |  Read More

Mottram, Jordan
Jordan B. Mottram, CPA
State & Local Tax Manager
BDO USA

Mr. Mottram provides clients with state and local tax advice in the area of multistate income taxes, sales and use...  |  Read More

Myers, Melissa
Melissa Myers, CMI
Managing Director, SALT, Sales & Use Tax
BDO USA

Ms. Myers has more than 17 years experience in the sales and use tax field. As a Sales & Use Tax Managing Director...  |  Read More

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