Ensuring Compliance with Tax Laws and Minimizing Audit Risks with Sales Tax Automation: Practical Guide for Businesses
The growing complexities in the current tax landscape have been posing a myriad of challenges to businesses. To address the potential non-compliance and audit risks, more retailers are now trending toward sales tax automation. However, with the explosion of sales tax technology in the market, how can your company or client choose the best solution that can cater to your organization’s or your client’s business needs?
In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide a practical business guide on how to choose and implement the right sales tax automation solution. Speakers will also present an in-depth analysis of the recent tax law compliance issues and audit risks.
Some of the major topics that will be covered in this course are:
- Sales Tax Compliance – Recent Regulatory Developments
- Compliance Pitfalls
- Understanding Sales Tax Automation Solutions and Benefits
- Best Practices in Implementing Sales Tax Automation
- What Lies Ahead
Richard Cram, Director, National Nexus Program
Multistate Tax Commission
Today, Tax Professionals are Charged with Keeping Their Companies Safe in a World of Evolving, Expanding and Ever Changing Compliance Requirements
- Provide an update on state efforts to date to implement Wayfair sales/use tax economic nexus by statute, regulation or notice.
- Describe the current status of state notice and reporting requirements, “click-thru nexus” and “cookie nexus” provisions after Wayfair.
- Describe state efforts to impose marketplace facilitator/provider collection requirements through legislation, regulations or litigation, and some common features of such legislation, such as liability for noncollection issues.
- Provide a brief description of the MTC Multistate Voluntary Disclosure Program
Charles Maniace, Director of Regulatory Analysis
Considering Tax Automation as a Means of Keeping Up
- Tax Authorities are recognizing the role of technology in achieving compliance
- PA DOR CSP
- MO, TX, CT
- Automation beyond tax determination……
- Certificate Management
- Vendor validation
- Tax Compliance in the 21st Century
- The growing tax gap
- How the rest of the world is coping…..and what it could mean here
Matthew Walsh, Senior Manager
Choosing and Deploying the Automation Option Right for You
- Automation options
- Things to consider with each option
- Typical implementation project and timelines for an automation project
Who Should Attend:
- Finance Executives
- Tax Professionals and Practitioners
- Financial Reporting Officers
- Retailers, Distributors, Manufacturers, and Vendors
Charles Maniace is the Vice President of Regulatory Analysis & Design at Sovos, a leading global provider of software that safeguards businesses from the burden and risk of modern tax. An attorney by trade, Chuck leads a team of attorneys and tax professionals responsible for all the tax and regulatory content that keeps Sovos customers continually compliant. Over his 15 year career in tax and regulatory automation, he has provided analysis to the Wall Street Journal, NBC, Yahoo! Finance, Politico, USA Today, Entrepreneur and more.
Charles Maniace is the Vice President of Regulatory Analysis & Design at Sovos, a leading global provider of software that …
Richard Cram is the Director of the Multistate Tax Commission’s National Nexus Program in Washington, D.C. The National Nexus Program provides a Multistate Voluntary Disclosure Program that 38 states, including the District of Columbia, participate in. Prior to his current position, Richard served for 15 years as the Director of Policy & Research in the Kansas Department of Revenue, and for 2 years as an attorney in the Legal Services Bureau of the Department, in Topeka, Kansas. He has worked as a research attorney for the Kansas Supreme Court, and practiced law as an associate in law firms in Chicago, Illinois and Goodland, Kansas. Richard graduated from the University of Kansas School of Law. He is licensed to practice law in Kansas and currently resides in Alexandria, Virginia.
Richard Cram is the Director of the Multistate Tax Commission’s National Nexus Program in Washington, D.C. The National Nexus Program …
Matthew Walsh is a Senior Manager at KPMG where he specializes in the tax technical aspects of indirect tax automation. A member of KPMG’s Transaction Tax Systems (TTS) Practice, Matt manages the implementation of tax engine and custom transaction tax projects focusing on the tax and compliance issues each client is facing and utilizing tax policy and technology to provide accurate tax outcomes.
Prior to joining KPMG, Matt worked as a Principal, Indirect Tax Solutions at Sovos for eighteen years. At Sovos he was the primary resource for assessing global tax issues and requirements for clients and prospects, working closely with government agencies across the world focused on tax policy and technology, in addition he was frequent presenter at conferences addressing tax policy and technology issues.
He is an attorney licensed in Massachusetts and Vermont.
Matthew Walsh is a Senior Manager at KPMG where he specializes in the tax technical aspects of indirect tax automation. …
Print and review course materials
Method of Presentation:
On-demand Webcast; Group-Internet Based
General knowledge of tax laws
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Taxes - Technical
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Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern tax. As governments and businesses go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports 5,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.
About Multistate Tax Commission
The Multistate Tax Commission (MTC) is an intergovernmental state tax agency whose mission is to achieve fairness by promoting compliance and consistent tax policy and practice and to preserve the sovereignty of state and local governments over their tax systems. The MTC’s vision is to be recognized as the “gold standard” for tax policy development, the primary authority for the public and public officials on issues of state and local tax uniformity and fairness, and the leading resource for ensuring equitable tax compliance.