Use Tax Accrual: Manual and Automated Options to Keep You Compliant 2022 | Institute of Finance and Management | 10 May 2022 | Webinar

Decisions your suppliers make as they react to changes in where they are required to collect sales tax can greatly impact your relationship with them as a customer. Will all your suppliers start collecting tax? Are they doing it correctly? Can you trust what they are doing? Accounts payable departments are the first line of defense in ensuring supplier tax responsibilities are being properly managed. If the AP department isn’t evaluating the taxes suppliers are charging, costs could increase, and sales tax overpayments are likely to occur.

This session will cover strategies to keep tabs on what your suppliers are doing when it comes to taxing your purchases. We’ll also discuss options such as direct pay authority and purchasing companies as possibilities to keep control. There are a variety of options available from manual review processes to managed compliance agreements to interactive sophisticated solutions. Knowing the solutions available as well as what the right tool is for your needs is key to paying just the right amount of sales and use tax.

2022 Speakers

Diane L. Yetter
CPA, MST, President, YETTER TAX

Josh Barrett
Director, IOFM

2022 Sponsor

• IOFM