Lori Paci Presenting On Avoiding Common Sales Tax Compliance Errors

Lori Paci and Jamie E. Szal of Brann & Isaacson will be speaking in an upcoming Strafford live webinar, “Avoiding Common Sales Tax Compliance Errors: Monitoring Nexus Guidelines, Rate Changes, and Exemptions“.

Monitoring sales tax compliance is process that requires consistency and has many potential pitfalls. The abundant number of jurisdictions and varying requirements can make compliance complex. However, any error or oversight, inadvertent as it may be, 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. Use tax can be assessed on purchases that were not subject to tax in the state of purchase. And if that did not make things complicated, the rules vary state-by-state. There are steps businesses–and their advisers–can take to ease the compliance burden, mitigate these common oversights, and avoid sanctions.

Lori and Jamie will highlight businesses’ most common missteps when attempting to meet multi-jurisdictional sales tax guidelines. They will introduce strategies to prevent these errors and properly meet diverse local sales tax reporting and remittance requirements.

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