Imagine this: You’ve just received notice that you’re being audited for sales tax compliance in just three days. You frantically call your bookkeeper and ask her to start organizing the past 12 months of sales. Your company has never been audited before, but you believe you accurately record all sales and assigned rates, have always filed and remitted on time. You keep all of your exemption certificates in a filing cabinet in the back room and have a master spreadsheet of all the rates, rules and boundary changes as they occur in Ohio, where your business is based. You sell online now and again, but nothing significant and all to customers just over the state line.

Sales tax provides critical revenue for states. Other than property and income tax, sales tax is the largest source of tax revenue in the majority of the 46 states that collect it. From a government operations perspective, making sure each and every sales tax dollar is collected, through audits, fines, penalties and well-developed rates and rules, is simply good business. This webinar will help prepare your company by providing you with the basics you need to effectively manage your tax compliance, including:
1. Broadening definitions of nexus and increasing requirements for out-of-state sellers
2. Understanding and following changes in product and service taxability
3. Finding the right sales tax rate to charge customers
4. Tracking sales tax holidays
5. Managing exemption certificates
6. Identifying the forms and remittance processes for each taxing jurisdiction
7. Preparing for an audit
8. Switching from an error-prone manual sales tax management process, to an automated streamlined one