|Event Date||Thu May 20 EDT (5 months ago)|
Sales tax is so much more than a percentage calculated on sales and remitted to the state.
Sales tax directly impacts the bottom line and touches every aspect of the business. Sales tax professionals have to understand the details of how the business is run from contracting to marketing to invoicing to operating processes (and beyond) to do their jobs well.
Sales tax is layered, complicated, and nuanced. A tactical approach to managing it will only get you so far and stress you out unnecessarily.
There is power in preparation and strategic thinking. This webinar will lay out all the key considerations you need to include in your company’s long-term sales tax strategy, so you can be responsive to changes, whether they are forced upon you by the government or opportunities for growth within your business.
You’ll learn how to create strategies for pricing, contracting, and geographic expansion that minimize the impact on the business related to sales tax. Understanding your business and industry and how the tax laws apply allow you to be nimble as your business changes.
Who should attend?
This webinar is intended for financial and operations personnel—including tax, general accounting, accounts payable, sales, tax technology, purchasing and credit—who deal with sales and use tax as part of their responsibilities. This webinar is also intended for remote sellers, including online sellers, and sellers making sales into multiple states. General practitioners are also appropriate for this course, with minimal to no experience.
Learning Objectives for this Webinar Include:
• Learn how to engage with non-tax departments within your company to explain the impact of their decisions on sales tax.
• Understand strategies for rectifying business actions that adversely impact business partners (like customers and vendors) from a sales tax perspective.
• Discover how to manage product launches and expansions, including the key questions you need to ask to adjust processes and documentation for sales tax purposes.
• Learn how sales tax can impact your company’s pricing strategies for products and services.
• Find out strategies for monitoring law changes so you can react swiftly in order to minimize risk and unnecessary costs for your company.
• Learn crucial considerations for geographic expansion, whether it’s into a new state or country, so you are prepared to manage new sales tax obligations and registrations.
• Discover how to work with the legal department to develop a contracting strategy that accounts for how sales tax is charged.
Diane L. Yetter
President & Founder, YETTER and Sales Tax Institute
Vice President - Regulatory Analysis & Design, Sovos