Advanced Sales and Use Tax Workshop

Streamline Your Sales Tax
Are you looking for ways to simplify your sales tax responsibilities? Aren’t we all! The purpose of the SST Project/Agreement is to simplify and modernize sales and use tax administration across the states in order to substantially reduce the burden of sales tax compliance. This session will dive into all the ways you can benefit from SST whether you register through the SST system or not – from simplified multi-state electronic returns to free tax collection technology services to taxability matrices and beyond. 

Elevating Your Sales Tax Compliance
What exactly is “Compliance”? Sales tax compliance is typically thought of as the process of preparing and filing a sales tax return. Whether you handle this function in-house or outsource it, compliance is an ongoing process. There are a number of tasks all with very sensitive deadlines that occur monthly! Each jurisdiction has its own unique filing requirements, from the type of form you need to use to the return due date. Once you understand the necessary steps to successfully prepare and file your tax returns, you can make tweaks to the process in the ways that work best for your company. Even companies that work hard to track the details of state rules and rates can struggle to file and remit tax correctly. This session will teach you options that exist on handling the compliance process, where and how to file, and what to include so you can file returns and pay your sales and use tax with confidence. We’ll also cover the steps that often get forgotten like reconciling your tax liability accounting and validating that all transactions – sales and credits are flowing to the return! 

Refining Your Tax Configuration
Whether your business is implementing an automated transaction tax or selling system for the first time, changing these systems, or upgrading an existing tax or selling system to a different version or platform, the process can be a big headache. Configuration settings control everything from where you collect tax, the tax type that applies, taxability of products and customer exemptions. If the system isn’t configured and maintained correctly, you could be facing huge problems down the road. This session will walk you through the BEST way to undertake establishing a tax or selling system configuration plan and maintaining and updating those systems. We’ll show you what steps to take from beginning to end, so you can get it right the first time without too much stress!   

Income Tax Essentials for You, Sales Tax Professionals
This session is designed to provide sales tax professionals with a foundational understanding of income tax principles, helping them to broaden their tax expertise and enhance their career versatility. As states are pushing the envelope on economic nexus standards against PL 86-272, we’ll review what is permissible and what should be challenged. Students will explore core income tax concepts, including nexus creation, taxable income determination, deductions, credits, sourcing and apportionment. By contrasting income tax with sales tax, the course clarifies the unique regulatory and procedural distinctions, enabling professionals to apply this knowledge in cross-functional tax scenarios. Discover real-world examples will ensure students gain the confidence to navigate income tax matters in various business contexts. We’ll also address how to manage settlement/VDA programs which push for income tax registration. Ideal for sales tax professionals seeking to expand their skill set, this session offers valuable insights for advising on comprehensive tax strategies.