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Sales Tax Automation: Set It But Don't Forget It

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.

100 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

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
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 18, 2023.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tram Le, CPA, JD, LLM

Tram Le, CPA, JD, LLM

TaxOps

Tram Le, CPA

  • Senior manager
  • Specializes in tax strategies for growing multi-state businesses, works closely with clients in all aspects of state and local tax (SALT) issues, and assists businesses in responding to notices issued by taxing jurisdictions
  • Consults clients with complex tax issues and negotiations with state and local government
  • Serves as an adjunct professor at the University of Texas at Arlington, where she teaches technical SALT topics to graduate-level students
  • Government financial and forensic watchdog experience with the U.S. Government Accountability Office (GAO) and with the Treasury Inspector General for Tax Administration (TIGTA)
  • J.D. degree, LL.M. degree
  • Can be contacted at [email protected] or 720-227-0432
Meredith Smith

Meredith Smith

TaxOps

Meredith Smith, CPA

  • 15+ years combining technical knowledge with an in-depth understanding of state and local tax (SALT) issues and business strategy
  • Expertly navigates the web of tax laws governing SALT matters
  • Performs nexus studies, identified risk areas and designs sustainable planning opportunities to achieve tax-specific business goals
  • Practice covers state income tax, property tax, sales and use tax and business incentives and credits
  • Former KPMG
  • [email protected]
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • State Specific Credit Tracker
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Product ID: 410814
Published 2023
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